Create Standalone Selling Price Effective Periods

Standalone selling prices are calculated periodically, for example, once every three months or six months, depending on your business practices. The calculated unit standalone selling price is effective for a defined period, such as a quarter or half year.

You must create standalone selling price effective periods before creating your contracts and before calculating or uploading unit standalone selling prices.

The application uses the contract date to derive the standalone selling price effective period of the contract. The unit standalone selling prices of the derived effective period are used to allocate the transaction price of the contract across its performance obligations.

To create standalone selling price effective periods:

1. Navigate to Setup and Maintenance > Manage Standalone Selling Price Effective Periods.
2. Define effective periods by providing start and end dates.