Lesson: 12 | Price Book Entry

Notes
Video

Notes

In Salesforce, a Price Book Entry is a record that links a product to a price in a specific Price Book. It contains information such as the product name, the price, any discounts or special pricing that may apply, and the effective date range for the price.

Price Book Entries are used to manage the pricing of products in Salesforce. When a sales rep creates a quote or order for a customer, they select the products they want to include in the quote or order and the corresponding prices from the Price Book Entries in the relevant Price Book. This ensures that the correct prices are applied to the products and that quotes and orders are accurate and consistent with the pricing that has been set for the products.

Price Book Entries can be created and managed by Salesforce administrators. When creating a new Price Book Entry, administrators can specify the product, the price, and any discounts or special pricing that may apply. They can also specify the effective date range for the price, allowing them to manage price changes over time.

In addition, administrators can set up multiple Price Books with different pricing structures, allowing them to offer different prices for different customer segments or markets. For example, a company may offer a special price for a product to a specific group of customers, which can be managed using a separate Price Book with Price Book Entries containing the discounted price for the product.

In summary, Price Book Entries are records that link a product to a price in a specific Price Book in Salesforce. They are used to manage the pricing of products and ensure accurate and consistent pricing for quotes and orders.

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Lesson: 12 | Price Book Entry

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Administrator Course