Item sales price levels are set up when you select the price level button on the General tab of the Maintain Inventory Items window. Enter the amount to appear on your customer quotes, sales orders, and sales invoices.
Sales price levels correspond with those you assign your customers, so make sure that you enter the price levels in consistent order (for example, from lowest to highest or highest to lowest), or select from the different prices when invoicing your customers. You can specify a default price level for customers in the Maintain Customers/Prospects window. You can disable each price level and customize the price level names in the Inventory Item Defaults window.
The minimum number of price levels is five (Sage 50 Pro Accounting). The maximum number of price levels is 10 (Sage 50 Premium Accounting and higher).
If you are setting up an activity item used in Time & Billing(Sage 50 Premium Accounting and higher), Sales Price Level fields are replaced with Billing Rate levels. Billing Rate levels correspond to the ones you set up for your employees when working with time-ticket hours.
Note: When you see prices displayed in red in the Price column, it's an indication that changes have been made to item prices and that the related item price levels don't reflect these changes. (Sage 50 Premium Accounting and higher)
For example, you have changed the value of Price Level 1 on the General tab of Maintain Inventory Items, but price levels with calculations based on Price Level 1 do not yet reflect this change. If this is the case, select the Recalculate button to update price levels to match the price changes that have occurred.