How to set Price Book Discounts

Created by David Joyce

Overview

This guide explains how to set discounts on a Price Book in Turbo Inventory. Discounts can be applied:

• In bulk using a Price Book Import, or

• Individually per product using the Price Books tab on the product record

Discount-based price books are ideal when customers receive a percentage off standard pricing rather than fixed prices.

Prerequisites

Before setting discounts:

• A Price Book must already exist

• The Customer must already be assigned to that price book

• Products must already exist in the system

Ways to Apply Discounts to a Price Book

There are two supported methods:

1. Bulk import (recommended for many products)

2. Manual product-level discounts (recommended for one-off items)

Method 1 — Apply Discounts Using Price Book Import

If you need to apply discounts to many products:

1. Go to Settings & Tools → Customers → Price Books.

2. Click Edit on the relevant price book.

3. Use Price File Import.

This allows you to:

• Set discounts for multiple products at once

• Maintain pricing externally in spreadsheets

(See the Price Book Import training guide for details.)

Method 2 — Apply Discounts Per Product (Manual)

To apply a discount to an individual product:

1. Go to Stock → Products.

2. Locate the product and click View / Edit.

3. Scroll to the tabs at the bottom of the product screen.

4. Click the Price Books tab.

Setting the Discount

Within the Price Books tab:

• You will see columns for:

  • Price

  • Discount

Applying a discount

1. Leave the Price field blank (unless using fixed pricing).

2. Enter the discount percentage (e.g. 10%).

3. Click Save.

This means:

• The customer assigned to this price book receives 10% off the standard product price

• Pricing automatically updates if the base product price changes

Discount vs Fixed Price (Important)

• Discount

  • Percentage off the standard product price

  • Best for wholesale or trade pricing

• Fixed Price

  • Always charges the same amount

  • Best for contracted or negotiated rates

Choose one method per product within the price book.

How Discounts Apply on Sales Documents

When selling to a customer assigned to the price book:

• Turbo checks the price book first

• If a discount is set:

  • The discount is applied automatically

• If no price or discount is set:

  • Standard product pricing is used

No manual calculation is required by the user.

Best Practices

• Use discounts for pricing that should flex with base price changes

• Use fixed prices for contractually agreed rates

• Avoid mixing fixed price and discount on the same product

• Review discounts regularly

Summary

To set discounts on a price book:

• Ensure the price book exists and is assigned to the customer

• Apply discounts via Price Book Import or per-product pricing

• Enter the discount percentage and save

Customers assigned to the price book will automatically receive discounted pricing on all sales documents.