Now that you have Item Codes setup, we need to give prices to those Item codes for each of the Item Codes you setup. Initially we only need two item prices. The sales amount and the taxable basis. These need to be set for each item in each country. To accomplish this, you will need to go into each item and create a price record for each country and give each item a sales price, taxable amount. You set this up in System Config > Items > Item Code Prices > Create New Price Record (grey button). Below are some helpful information for the things you need to concentrate on.
Initial Country defaults to your Company’s Home Country. You should setup all item codes in this country initially. Multiple country item code setup will be addressed in a separate document.
Price Level will default to #1. Set up all items codes with only Price Level 1 until your compensation plan programming has been completed.
Sales Price should be populated with the retail price for the item code.
Taxable / Other Earnings should be populated with the amount that you would like to be taxed for the item code. Normally this is the same as the Sales Price.
Once these fields have been populated and you feel that the information provided is correct; click the Add New Item Code Button.