Manage Price Books and Taxation

Price book contains the pricing information of your products. As manufacturers and retailers, you can create and use account-specific pricing in the price books.

You organize and associate organization-specific product pricing along with the tax values. You include the list of approved products for sale, and optionally, two product-specific taxation values to specify the tax values for each product. Price books can be associated with accounts and routes.

The implementation and usage of the price book is role-specific and depending on your role, you can create and associate the price book. The sales administrator role has the privilege to create price book. All users except the marketing manager user can associate a price book with a route and an account.

Create Price Books

Users with sales administrator job role can create price books that can be later associated with multiple accounts.

Note:

For a product to be available in the price book, it must first be added to the sales catalog. For more information about creating sales catalog and adding products to it, see the Creating Your Sales Catalog chapter in the Oracle CX Sales Implementing Sales Guide.

For more information about creating price books, see the Setting up Common Components chapter in the Implementing Sales Guide.

Note:

When you add products to a price book, ensure you select the same UOM that's used in Oracle Product Value Chain Cloud Product Information Management.

Associate Price Books with Accounts and Routes

You can associate price books to account and route.

• Associate price book to account:

  To associate a price book with an account you select the Accounts icon on the springboard. Select an account and go to the Profile tab. From the price book picker, you select the price book to associate with the account. Price books can be associated with accounts provided they have the same currency.

• Associate price book to route:

  Go to the Route object on the springboard and select a route. On the Route Detail page, select a value for the price book from the price book picker to associate a price book to a route.

Manage Taxation

As a sales administrator, you can enter the taxation rates in the price book for each product. Taxation rates can be in percentage or amount. The taxation rates are defined based on the product in the price book.

To set up tax values for products:

1. Go to Price Books and select a price book record.

2. Select the Tax Code and Tax Method applied to all products in the price book.

3. Enter tax percentage or amount values for each product listed in the price book for the account.

4. Click Save and Close.

You tax amount calculation is ready for generating invoices.