How to Create a Price Book in SuiteBilling

🚨 Problem: Need to create a price book for subscription plans in NetSuite? 🚨

This tutorial will walk you through the steps of creating a price book essential for your subscription plans in NetSuite, ensuring effective pricing management. 📚✨

Step-by-Step Guide 📋

1. Navigate to Subscription Plans
   • First, we will go to Lists > Subscriptions > Subscription Plans. 📜
   • Then we will find the subscription plan we created earlier in another video and click on View. 👀
2. Open Price Books Tab
   • Here, we will go to the Price Books tab. 💼
   • Click on New Price Book to create a new price book. ➕
3. Create New Price Book
   • A pop-up will appear; give it a name (e.g., “My First Price Book”). 🏷️
   • Choose the corresponding currency (e.g., US Dollar). 💵
   • Under the Price Book Lines subtab, click on the edit icon next to the item to create a price plan for each item in your subscription plan. ✏️
4. Complete Required Fields
   • A new pop-up will open, where you need to complete all required fields, such as interval and start date. 📅
   • (In another video, I tell you exactly how to create the price plans, but here we’re just focusing on the price book part.) 🔍
5. Review Price Plan
   • Now we have a price plan, as you can see here. ✅
   • If you find this tutorial helpful, don’t forget to subscribe to this channel for more NetSuite insights. 🔔
6. Choose Billing Frequency
   • On this screen, you have different options. 🛠️
   • First, choose the Interval field to select the billing frequency (e.g., month, week, year). 📆
   • There’s also a Discount field where you can set either a percentage or a flat discount. 💸
7. Set Charge Frequency
   • Specify the Charge Frequency (e.g., monthly or annually) and how often the charge should occur using the Repeat Every field. 🔁
   • On the right-hand side, you will see the Prorate By field where you can select how you want to prorate the charges. ⚖️
8. Repeat Steps for All Items
   • You simply repeat these steps for all the items in your price books. 📜
   • Here I have only one item, so it’s pretty easy. 😊
9. Finalize Price Book
   • Click OK once done. ✔️
   • After all items are in your price books, click on Save to finalize the price book. 💾
10. Optimize Invoices
    • To manage the invoices that will be generated by Suite Billing, Kolleno can help you optimize that with the Suite app seamlessly integrated with NetSuite. 🤝

Congratulations! 🎊By following these steps, you’ve successfully created a price book in SuiteBilling! 💰📈

If you found this tutorial helpful, please subscribe to this channel for more tips and tutorials. Visit www.KOLLENO.com for more tools to enhance your accounting processes! 🎥✨