Sales Types allow you to define the different types of sales transactions used in your system. For example, you can define how a sales order is processed, the stages it passes through, and the document formats it uses. See What are the Stages in the Sales Process? for more information about these stages.
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Note: You must define Sales Types for your Business Unit before you can enter sales transactions.
Examples of different Sales Types are:

To define the types of sales transaction in your system use Sales Type Setup (STS), which contains the following:

Header General Inventory Allocation Credit Checking Returns Accounts.

Header
Sales Type Code
Identifying code for the Sales Type.
General Tab
Date for Price Book
Date to be used to determine which Price Book is applied, if these have been set up. Options are:

Default Currency Code
Currency to be used as the default. This must already have been set up using Currency Codes Setup (CN). A currency can also be read from an Analysis Code defined in the Sales Business Setup or entered at run-time.
Order Closed After Completion
If this box is checked the status of the order is set to Closed after the defined stages have been completed.
Account Required
Sales stage by which an account code must be entered.
Asset Required By
Sales stage by which an asset code must be entered.
Item Characteristic Reqd By
Sales stage by which the values of any defined item characteristics must be entered.
Batch Required By
Sales stage by which a batch reference must be entered.
Allow Generate / Adv Generate
Check this box to allow the Sales Return Note functionality of Generate and Advanced Generate for the sales type.
The following fields control if Sales Orders or Sales Return Notes can be entered manually for this Sales Type for transactions for goods, charges, services or non-inventory. That is, if they are ticked manual entry is prohibited for that type: