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Inventory Center - Manage Contract Premiums

Inventory Center - Manage Contract Premiums

In this article:

About Contract Premiums

Premiums can be used to allocate additional charges to Inventory Unit pricing. Amounts added will be listed in the Inside Contract section of the Inventory Profile and will increase or decrease a Unit’s Total Sales Revenue, depending on whether the amount entered was positive or negative. Premiums will also be listed in the Premiums section that follows the pricing details on the Inventory Profile.

Add Contract Premium

1 – In the Inventory Center, click on the appropriate Component tab, if applicable. You won't see Component tabs if there is only one.
2 – Click on the unit in the Inventory List.

3 – Hover over Other Actions and select Premiums.

4 – Enter the details of the Premium under Add A Premium and Save.

The Premium will be listed on the Premiums page.

On the inventory profile, the Premium amount will be displayed in the Inside Contract section and the Premium entry details will show in the Premiums section.

Update/Edit Contract Premium

1 – In the Inventory Center, click on the appropriate Component tab, if applicable. You won't see Component tabs if there is only one.
2 – Click on the unit in the Inventory List.

3 – Hover over Other Actions and select Premiums.

4 – In the Premiums list, click on the Premium Amount that you want to update.

5 – In the Edit Premium window, update the details as needed and Save.

Delete Contract Premium

1 – In the Inventory Center, click on the appropriate Component tab, if applicable. You won't see Component tabs if there is only one.
2 – Click on the unit in the Inventory List.

3 – Hover over Other Actions and select Premiums.

4 – Delete the Premium by clicking on the Inventory Center.

5 – A message will come up asking if you’re sure you want to remove the Premium. Click OK.

Warning: Deleting a Premium will remove all references to it from inventory details and associated reporting.