In SocrateCloud, customer and vendor prices are generated from price lists. SocrateCloud allows you create as many price lists as necessary. Price lists are mandatory for selling or purchasing products. By using a price list, you can control what, to whom and at what price a product is sold.
Price lists can be generated automatically by using discount schemas. Discount schemas can also be used to define discount percentages and extra taxes on documents.
The business partner determines the price list and the price list determines the price for a product. It is recommended you have at least two main price lists defined: a Vendor Price List and a Customer Price List.