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Wisenet

      How to Set Up Pricing Versions

      Bulk update your Finance Item prices using Wisenet Pricing Versions. All previous prices are retained in the pricing history so no data is lost.
      You can set a global default Pricing Version, and default Pricing Versions for specific Course Offers or Unit Offers.

      Required LRM Access: Owner

      1

      Add a Pricing Version

      By default, a base version of the pricing will already be set up.

      1. Navigate to LRM > Finance > Settings > Pricing Versions
      2. Click Action > Add Pricing Version
      3. Enter a Description (e.g., “2025 Pricing”).
      4. Under the Set Pricing for New Version section:
        1. Select the Base Version, which serves as the starting point for calculating the new pricing.
        2. Choose a calculation method using the Adjust Pricing Using dropdown:
          • Percentage option:
            • Enter the Adjustment Amount (%)—the percentage increase applied to the base version.
            • Define how the price will be rounded using the Round Amount dropdown, and set the rounding precision with To The Nearest.
          • Absolute Amount option:
            • Enter the Adjustment Value: the flat amount by which the pricing will increase.
      5. Click Save.

      Note: Any new Finance Items added after a Pricing Version is created will not inherit existing pricing versions. Users must manually set pricing for each new Finance Item.

      2

      Edit a Pricing Version

      Note: After a Pricing Version is created, only the Description field can be edited.

      1. Navigate to LRM > Finance > Settings > Pricing Versions
      2. Click the Edit icon.
      3. Update the description
      4. Click Update.

      3

      Update the Default Pricing Version

      Wisenet applies the default pricing version when creating invoices and quotes. The default pricing version is automatically set to Base. You can change the default pricing version at any time.

      1. Navigate to LRM > Finance > Settings .
      2. Scroll to the Default Pricing Version field.
      3. Select a Pricing Version.
      4. Click Save.

      If the desired version is unavailable, set up a new pricing version.

      4

      Update Pricing Versions for a single Finance Item

      1. Navigate to LRM > Finance > Settings > Finance Items
      2. In the Action column, select Edit Pricing
      3. A list of existing Pricing Versions will display.
      4. Update the Unit Amount (Tax Excl) for the relevant pricing version.
      5. Click Update

      5

      Set Default Pricing Version against Course Offer / Unit Offer

      1. Navigate to Selected Course Offer > Detail or Selected Unit Offer > Detail
      2. Under the Finance card > click Edit.
      3. Select a Finance Pricing Version
      4. Click Save.

      If you have not selected any default pricing, it will default to the Default Pricing Version (specified in Finance Settings)

      During the Course Enrolment or Unit Enrolment, the Finance Item pricing will be selected from the Default Pricing Version and added to the Learner Finance Account.