Value Labels are used to handle amounts in Order Fulfilment, such as quantities and prices, that need to be entered or calculated, stored and reported. They are used for calculations, reporting, approvals, Price Books and Landed Costs.
You must set up the Value Labels so that they are consistent throughout your Business Unit. If you report across Business Units, Value Labels must be consistent across the Business Units. For example, Gross Value or Net Value must be named the same.
You can have up to 50 Value Label Setups in one Business Unit at any one time, and each Movement, Sales and Purchase type can utilize up to 20 at any one time.
All Value Labels defined as currency values are automatically calculated and held in Base, Transaction and Reporting currencies, so you do not need to define different Value Labels for different currencies.

Important Note: You must recompile your forms after updating analysis dimensions, value label descriptions or user labels. Failure to recompile the forms, for any functions that use either of these types of data, prevents you from accessing them. For information on how to recompile forms, see Using Form Compiler.
The Value Labels Setup (VLS) form contains the following fields:

Value Label Value Type
Select the type of value for this Value Label from the drop-down list. The options are:

Without Units - a number without a Unit of Measure attached to it. For example, a percentage. With Units - a number with a Unit of Measure attached to it. For example, a quantity. Currency - a number that is a currency. This is used for all financial values. See Introducing the Multi-Currency Functionality for more information about currencies.

Cost Type Code
If you use Landed Costs, you can define the type of cost in this field. The Cost Type Code must already have been set up using Cost Types Setup (CTS). If it has not already been set up you can identify the net cost of the goods you want to track and enter the default Cost Type.
Value Label Identifier
The number of the value label. This is automatically allocated by the system and is not enterable.
Prevent Sign Reversal
If this box is checked the value is not reversed on credit note lines. One quantity or unit price Value Label must have this flag checked.
For example, a field such as Unit Cost or Price Each would be have this flag checked. In a credit note situation, the Quantity value would be reversed but the Unit Cost would remain unchanged. 
Prevent Pro Rata Split
If this box is checked the value cannot be split on a pro rata basis but always remains constant. For example, 10% discount.
You can also attach text to a Value Label by using Standard Text Language Variants Setup (STL). From the Action menu select Standard Text.
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