What are Value Labels?

Value Labels are used to handle amounts in Order Fulfilment, such as quantities and prices, that need to be entered or calculated, stored and reported. They are used for calculations, reporting, approvals, price books and landed costs.

You must set up the value labels so that they are consistent throughout your business unit. If you report across business units, value labels must be consistent across the business units. For example, gross value or net value must be named the same.

You can have up to 50 value label setups in one business unit at any one time, and each movement, sales and purchase type can utilize up to 20 at any one time.

All value labels defined as currency values are automatically calculated and held in base, transaction and reporting currencies, so you do not need to define different value labels for different currencies.