A price book is a controlled set of product and service prices used for a market, currency, customer group, channel, or contract. Businesses may maintain several price books when the same catalogue is sold under different commercial conditions.
Quick reference for Price book
| Check | What it means for the transaction |
|---|---|
| Category | Pricing and profitability |
| Record to keep | Record the cost basis, currency, quantity, customer scope, effective period and approval behind the amount when they apply. |
| Do not infer | A price label alone does not establish margin, landed cost or the final invoiced amount. |
Price book and nearby terms
- Customer-specific pricing: Customer-specific pricing assigns agreed prices, discounts, or rules to a particular customer or account.
