Prices

The following table describes the prices that can be used in the solution.

Price	Description
Cost Price	The cost price of the employee or third party item. You set up the cost price of the employee on the employee. The cost price that a company enters depends on how much the company wants to allocate as costs. The cost can be calculated as the total of the base salary rate and an overhead rate. The solution automatically derives the cost price as the employee enters time.
Intercompany price	Intercompany prices are used in connection with trading between two companies in the solution.
Sales price	The actual sales price of the entered hours or the sales price of the third-party item. This is the price used to bill customers.
Standard billing price	A standard rate that provides the standard price (from a standard price list) on a certain task. This is posted in both the finance and the project management systems.

For each employee you set up a cost price, an intercompany price (optional), and a sales price.

You may set up different price lists on the customer, as well as project-specific price lists. The prices can be task-specific or employee-specific, and the price lists can be date-dependent.

The PSO solution is set up to first check if a project specific price list has been created, and second check if a customer-specific price list is created; otherwise, the prices are derived from the employee. These prices are also used for posting.