Create a Pricing Variable in Pricing Designer

Create a pricing variable and define the charge type, currency, frequency, and other settings. To create a price list entry, you choose a pricing variable to be part of the price.

1. From the Vlocity Pricing Designer app, click the menu button, and select Pricing Variables.
2. In the Pricing Variables list, click New.
3. On the New Pricing Variable page, complete the General Properties section.

   Setting	Description
   Pricing Variable Name	The pricing variable name
   Code	Enter a unique code. As a best practice, use uppercase and no spaces. You can create a code that indicates the variable's purpose: OT_STD_PRC_TOTAL (One Time Std Price Total) REC_MNTH_STD_PRC (Recurring Monthly Std Price) OT_FEE (One Time Fee) ROLLUP_OT_LTY_TOTAL (Rollup One Time Loyalty Total)
   Description	Enter a description of the pricing variable's functionality and use.
   Active	Set that the variable is available to use.

4. Complete the Basic Variable Type section.

   Setting	Description
   Charge Type	Select whether the price is a recurring or one-time charge, an adjustment, or usage.
   Sub-Type	Select whether the price is standard price or a penalty fee.
   Currency Type	Select the payment type (currency or loyalty points).
   Type	Select price (charged to the customer) or cost (charged to the company).
   Frequency	If you selected Charge Type is set to Recurring, select the frequency of the recurrence.
   Adjustment Method	If you selected Charge Type is set to Adjustment, select one of the following options. Absolute — The adjustment to the price is an absolute amount that is added to or subtracted from the price. Percentage — The adjustment to the price is a percentage of the price that is added to or subtracted from the price.

5. Complete the Detailed Type Info section.

   Setting	Description
   Value Type	Select whether the pricing variable is used in a calculation or with a pricing element. Calculated — Select this option if the pricing variable is used in a calculation, for example, to calculate a line item. Pricing Element — Select this option if the pricing variable is associated with a pricing element used in creating a price list entry.
   Aggregation	If you selected calculation as the value type, select unit or quantity. Unit — Select this option if the calculation is used for a line item. Quantity — Select this option if the calculation is used for a rollup or a line item total.
   Scope	If you selected the calculation value type, select whether the pricing variable is calculated on a line item or in the rollup. Line Item — The pricing variable will be used in calculating a line item, including a line item total. Rollup — The pricing variable is used in calculating a rollup total. Parent — The parent Opportunity, Quote, or Order. Parent Rollup — Consists of rolled-up values from line items, similar to Salesforce roll-up summary fields. The Parent Rollup rolls up the values of the source variable defined in its Applies To Variable field. For example, the Parent Rollup One Time Cost Total rolls up the Effective One Time Std Cost Total of the line items and is bound to the EffectiveOneTimeCostTotal__c field of the Quote or Order. Group — Variables defined on the QuoteGroup__c or OrderGroup__c level. Used for MultiSite. Group Rollup — Variables that roll up values from child Quotes or Orders belonging to the group.  Used for MultiSite. Master — Variables defined on the Master Quote or Master Order level. Master Rollup — Variables that roll up values from the child Groups. For example: Effective One Time Std Price Total of Quote line items roll up into the Parent. Rollup One Time Std Price Total of the Quote then roll up into the Group. Roll up One Time Std Price Total of the QuoteGroup to which it belongs, which then rolls up into Master Rollup One Time Std Price Total of the Master Quote.
   Applies to Variable	If this pricing variable applies to another pricing variable, select the appropriate pricing variable. For example, if you are creating a pricing variable to adjust a yearly recurring standard price, apply it to the pricing variable created for the yearly recurring standard price.

6. Click Save.