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Administrator Guide
Last Updated: 2024-09-20
Example: Create Professional Services Sales Items

Example: Create Professional Services Sales Items

This example illustrates how you can configure your sales items for use with customer contracts and invoices. To drive both accounting and analysis, organize sales items into revenue categories and sales item groups. You can include informational pricing fields for standalone selling price (formerly VSOE Price), third-party evidence, and estimated selling price on sales items. You can use these additional pricing fields for custom reporting and multiple-element arrangements contracts.
Global Modern Services creates a sales item for hourly contract technical writing services.
Security:
Set Up: Sale Item
 domain in the Customer Accounts and Learning Core functional areas.
  1. Access the
    Create Sales Item
     task.
    1. Create a new sales item using this information:
      Field Name
      Entry Value
      Sales Item Name
      Technical Writer
      Revenue Category
      Services
      Sales Item Description
      Technical writing services for software development team.
      Unit of Measure
      Hour
      Unit Price
      95
      Currency
      USD
      Contract Line Type
      Project Time and Expense
    2. Create another new sales item using this information:
      Field Name
      Entry Value
      Sales Item Name
      Technical Editor/Project Manager
      Revenue Category
      Services
      Sales Item Description
      Technical editing and Project Management services for software development team.
      Unit of Measure
      Hour
      Unit Price
      105
      Currency
      USD
      Contract Line Type
      Project Time and Expense
    3. Click
      OK
       and
      Done
      .
Assign Sales Item to Item Group.
Create Sales Item Price List.