How do I assign a price to a product?

Steps

Open the entry of an existing product or add a new one.
Go to the record tab “Price” at the bottom of the page and click . An overlay window opens up.
Pick a Price List Version, e.g., “Customer Price List” (for sales) or “Vendor Price List” (for purchasing).
Enter a Standard Price.
Pick a UOM (unit of measure) for which the price shall apply (sales UOM).

Note: If sales UOM ≠ stock-keeping UOM (see Product), you have to define a UOM conversion.
In the field Tax Category, pick a value-added tax (VAT) category, such as normal, reduced, tax-free, etc.
In the field Invoiceable Quantity per, pick the weight to be used for invoicing, e.g., Nominal weight (default) or Catch Weight (for products with variable weight).
Click “Done” to close the overlay window and add the price to the list.

Field Name	Note
List Price	Specifies the list price that will appear on the supporting documents.
Standard Price	Specifies the effectively valid purchase or sales price (depending on the respective price list).
Limit Price	Manual price changes made by the user, e.g., in the order line, must not fall below this amount!
UOM	Specifies the unit of measure for which the price applies (sales UOM) and *must not be confused* with the product’s UOM used for inventory management (stock-keeping UOM)!
Invoicable Quantity per	Specifies the weight to be used for invoicing. • Nominal: Standard (average) weight obtained by UOM conversion between stock-keeping UOM and sales UOM. • Catch Weight: Actual (exact) weight of a product obtained by weighing the goods. (Catch Weight Management)

View source file on GitHub.com