Category: Price Book

Relationship between Product, Price Book and PricebookEntry

In my previous post, I have explained the basic concepts about Products and PriceBooks. You can read the post here – Products and Price Books in Salesforce.Now in this post, I am going to explain the relationship between Product, Price Book and PricebookEntry. So let’s start with few basics.Basic:Products are represented by Standard Object – Product2.PriceBooks are represented by Standard Object – Pricebook2Each Pricebook can have zero or more entries. Each of these entries are stored inside the Standard Object – PricebookEntry. Each entry in PricebookEntry defines the cost of the products in a particular currency.These three objects – Product2, Pricebook2 and PricebookEntry will only be available if Product is enabled in the organization.Data Model:PricebookEntry is the junction object between Product and Price Book.OpportunityLineItem is the junction object between Opportunity and PricebookEntry.Below is the flow diagram depicting the process to load Products and setup PriceBook through API.I hope this post will help you to understand the relationships between these objects. Please provide your feedback....

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Products and Price Books in Salesforce

Define your Product:A Product is a service or item that the company sells to the customers. Once you have added the Products, you can set the price of the product per unit based on your business. In Salesforce, Product is a Standard object having standard fields and tabs. You can add your custom fields to customize Product object as per your business requirement. Products can be added to the Opportunity allowing you to have an correct inventory and also make your forecasting accurate.What is Price Book:The Price Book will provide the list of products and their prices per unit. You can create multiple price books to maintain different prices for the same product based on your business needs. Salesforce will always provide your a Standard Price Book. The moment you add a Product into Salesforce and set the price of the Product, that Product will go into Standard Price Book. But you can create Custom Price Book as well.Use case of Custom Price Book:Let’s say, the company “Universal Company” is selling the product – “Desktop Mouse” globally. The company is running it’s business from Canada. But company is selling products globally. Now when this company is selling “Desktop Mouse” within Canada, the price is USD 12.00, but when it is selling the same product in Europe, the price is USD 19.00 (due to extra shipping cost), similarly then the...

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