Hi Cam,
Indeed there are 2 different places to put prices for items.
When entering an Order Entry order, there is a Price List field on the detail screen when entering the item. If this is blank, then the Base Price from the Edit Items area is used. If it is not blank, then the Alternate Price List base price is used. There are more rules regarding Alternate Price Lists (such as what if the Price List code doesn't have the item), but this is the basic theory.
The idea behind Price Lists is that you can assign them to customers and give certain customers different pricing than others. What is it that you want to see happen? Would you prefer that every customer gets the same price for an item, or that different customers get different prices? Perhaps if you describe the desired end result, we can offer the best way to set that up.
There is a function in Inventory to update the Alternate Price List base price from the master Item, so there is a way to automatically popuate the Alternate Price from the regular price.
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Regards,
Softrak Tech Support