Create a price type

A pricing organization can define different price types for items based on the business need and requirement. A pricing administrator can create a price type and associate it with an item.

Procedure

  1. Navigate to the Create Price Type screen. To navigate to the Create Price Type screen, perform the following steps:
    1. Log in to Sterling™ Business Center as a Pricing administrator.
    2. The application home page is displayed. Click the Pricing tab.
    3. From the Pricing home page, select New Price Type in the Pricing dashlet.

      The Create Price Type screen is displayed.

  2. In the Price Type ID:* box, enter a unique identifier for the price type. The Price Type ID, which is used to identify the price type, must be unique for an organization. The maximum number of characters you can enter in the Price Type ID:* box is 120 characters.
  3. From the Recurring Type* drop-down list, select the recurring type to be used for the price type.
  4. In the Description* box, enter a brief description of the price type. The maximum number of characters you can enter in the Description* box is 240 characters.
  5. Click Save.
    Note: * indicates that the field is mandatory.

    The Price Type Details screen pertaining to the newly created price type is displayed.