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What is the use of "Default Price List" field on Product entity

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Posted on by DMKodli

Hi Folks,

I am new to the Microsoft Dynamics CRM

Can anyone please help me to understand the use of "Default Price List" field on Product entity which is highlighted in below image

What is the use of above highlighted field ? And where does it affects in CRM ?

Any help will be appreciated!

Thanks!

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Torrado 1,270 on at

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Hello,

Default Price List on Product defines the calculation for pricing that needs to be applied to the respective product.

Please check the objective of Price Lists here: https://docs.microsoft.com/en-us/dynamics365/sales-enterprise/create-price-lists-price-list-items-define-pricing-products

Please also check this post, with more information about Default Price List: https://community.dynamics.com/crm/b/misscrm360exploration/posts/10-facts-about-default-price-list-in-entity-product-in-crm-2011-2013-that-you-might-not-have-noticed

Hope this helps you.

Please mark the answer as verified if helpful. That will help others in future.

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Brandon Sambat on at

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Thank you for using the Dynamics Communities. As Torrado posted the definition is "Price lists tell your sales agents what to charge for your products or services. You can create multiple price lists so that you can maintain separate price structures for different regions you sell your products in or for different sales channels."

docs.microsoft.com/.../create-price-lists-price-list-items-define-pricing-products

You mentioned that you are new with Dynamics. I recommend the following Microsoft Learn courses found here docs.microsoft.com/.../. There are quite a few courses and modules that can help you get started with Dynamics.

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Tara C Sinclair 40 on at

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In addition to the responses you already have - the default price list is used when a product is not found on the designated price list.

For example - the default price list could be called MSRP and have the standard selling price for the product on it. But an opp or quote could have a different price list identified on it that is a North Region where the pricing is identified for most products, but the items that sell at MSRP are not included. When you select a product from the catalog that is NOT available within the North Region Price List, it will pull the price from the identified default price list of MSRP for your line item.

Essentially, it's the backup price list for when a product is NOT found on the chosen price list.

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