Creating price bases

A price base is the cost or the list price of an item. You can adjust a price base up or down by a price modifier to calculate the final price that you charge for the item.

  1. Select Financials > Billing > Setup > Item Related Setup > Price Base.
  2. Click Create.
  3. Specify this information:
    Company
    Select a company number.
    Location
    Select the inventory location that contains the items for the price base. If you selected location-based pricing during company setup, you can identify the base list by location to define a price base. Item pricing can differ depending on the location from which the item is shipped. For example, BASE1 can be displayed on this form several times with a different price for each inventory location.
    Currency
    Select the currency code to use to create the price base for the order.
    Base Name
    Specify a unique name and description for the price base record.
    Description
    Provide a description for the base name.
  4. Click Save.