Price Base (BL40.1)
Use Price Base (BL40.1) to add a price base and assign items to that base, which is required for the application to perform default pricing.
More Information
Item pricing takes place when you enter an item on an invoice or order. Both the price base and price list are referenced to arrive at item prices. Simply stated, a price base represents the dollar (or English Pound, or French Franc, and so on) amount an item's price is based on. Examples of a price base are list price, suggested retail price, or vendor cost. A price list (which is assigned to a customer) specifies a percentage, amount per unit, or override price that is used to modify the price base.
Pricing offers many additional options, including quantity break pricing, discounting, contracts, and promotions.