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It is used to create list of materials and this which can be linked to project. It can be done by adding the default price type, with a start date so it can which further will be considered in the estimation of the expenses and cost (by cost element).

Prices can be created for items, fixed assets, any position or employees.
It is divided into 5 tabs respectively i.e. Main tab, Item prices, fixed assets prices, Positions price and Employees prices.

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In the main tab,  user can specify general information about the company, price type, project, document basis, start and end dateIn the

Company field, you - User can select a customer company from the master data, If you leave this field is left empty, the prices defined in this document will be applicable for all companies.In the Price Type field,

Price type- select the price type for the prices.
<Auto> in the Number field indicates that a number for this document is assigned automatically when you save the document.

The From field is populated automatically with the current business date. You User can select another date to set the prices in effect, if necessary. Optionally, in the To field, you user can set the end date for these prices.

In the project field, specify the project to which this prices are allocated to. It is a mandatory box. 

Document basis- choose the basis document.

In the Comment text box, you can provide any additional information on these prices.
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Now, all the tabs will be explained in details-
a) Item prices- Here, when the prices of the items will be added it will further be picked up in Item estimation or to the cost, when cost element is used.