Set up simple pricing

The simple price list

Wingtip Toys is a small distributor that sells beach balls. The company maintains a single price list for its beach-ball product and does not offer discounts or promotions to their customers. The pricing structure for the Wingtip Toys beach ball product is as follows:

Note

The procedures in this article assume that the products and units are already established in the product catalog. For more information about how to create the product catalog and add items to it, such as products, units, discounts, and pricing methods, see Microsoft Dynamics CRM Help.

Step 1: Create the price list

To create this price list by using the product catalog, follow these steps:

1. In the Navigation Pane, click Settings, click Product Catalog, and then click Price Lists.

2. On the Actions toolbar, click New.

3. In the Price List form, enter the following information:

   • Name

     Enter a name with a length of 100 characters or less. The information should be meaningful and unique, such as Wingtip Toys Beach Ball Price List.

   • Start Date

     Enter the beginning date for which this price list is valid. You must enter the date in the format your organization has set for dates.

   • End Date

     Enter the end date after which this price list will no longer be valid.

   • Currency

     Click the Lookup button and select the currency for this price list.

   • Description

     Add a description of the price list or notes, for example: This is currently the only price list for these beach balls.

4. Click Save. Leave the Price List form open.

Step 2: Add the price list items

Now that the price list is created, you can add products or services to it. In this scenario, you will add the beach ball product to this price list. To do this, follow these steps.

1. In the Price List form, under Details, click Price List Items, and then click Add Price List Item.

2. On the General tab, enter the following information:

   • Price List

     Microsoft Dynamics CRM automatically selects the price list that you created in the previous steps.

   • Currency

     Microsoft Dynamics CRM automatically selects the currency that you selected when you created the price list in the previous steps.

   • Product

     Select a product. For this example, select the Wingtip Toys Beach Ball product.

   • Unit

     Click Lookup to search for and select the unit that you want. For the beach ball product, a unit is selected that represents a single item because the beach balls are most commonly sold individually.

   • Discount List

     If a discount list is available, you can select a discount list to apply to this price list. In this example we will not use a discount list.

   • Quantity Selling Option

     Select a quantity selling option. This defines the type of quantities in which the product is sold. Because Wingtip Toys does not sell portions or fractions of a beach ball, select Whole.

   • Pricing Method

     Because Wingtip Toys charges $1.00 per unit of product, it uses the currency amount option for the pricing method. Therefore, in the Pricing Method list, select Currency Amount.

   • Amount

     Enter the base cost that the product will list. For the beach ball product, type 1.

   • Rounding Policy

     If Wingtip Toys used a more sophisticated pricing method, such as percent of list or percent of markup, rounding options would be available to determine a policy for price rounding. For this example, a rounding policy will not be used.

3. Click Save and Close to close the Price List Item form.

4. Click Save and Close to close the Price List form.

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