> ## Documentation Index
> Fetch the complete documentation index at: https://docs.yorlet.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Products and prices

> Build a catalogue of products and prices to reuse across invoices and subscriptions.

export const OverflowMenu = () => {
  return <span>overflow menu (•••)</span>;
};

Products describe the goods or services you charge for, and prices set how much a product costs and how often it is billed. A product can have several prices, for example a monthly and a yearly rate. Once you have a catalogue, you can quickly add products to invoice and subscription line items instead of entering the details each time.

## Create a product

To create a product, follow these steps:

1. Navigate to the [Products page](https://dashboard.yorlet.com/products) in the Dashboard.
2. Click **Create product**, or press N on your keyboard.
3. Enter a **Name**. This appears on your customers' receipts and invoices.
4. Optionally add a **Description**, which is visible to customers.
5. Optionally click **Add default price** to set a price now (see [Add a price](#add-a-price)).
6. Click **Create**.

## Add a price

A product can have multiple prices. To add a price to a product, follow these steps:

1. Open the product.
2. In the **Prices** section, click **Add price**.
3. Enter the **Amount**.
4. Choose the **Type**:
   * **Recurring**: billed on a repeating schedule. Choose the **Billing period** (**Weekly**, **Monthly**, **Every 3 months**, **Every 6 months** or **Custom**).
   * **One time**: billed once.
5. Optionally add a **Description**. This is hidden from customers.
6. Optionally select a **Tax rate** to apply by default. Learn more about [tax rates](/billing/tax-rates).
7. Set the **Transfer behavior**:
   * **None**: the value is not transferred to an owner.
   * **Owner**: the value is transferred to a specified owner. Select the **Transfer destination**.
8. Click **Create**.

## Use products and prices

When you add a line item to an [invoice](/billing/invoices/create-an-invoice) or a [subscription](/billing/subscriptions/create-a-subscription), you can select a product so its price, tax rate and transfer behaviour are filled in for you. You can still adjust the details on the line item before saving.

## Update a product or price

To update a product, open it, use the <OverflowMenu /> and select **Update** to change its **Name** or **Description**.

To update a price, open its product, use the price's <OverflowMenu /> and select **Update**. You can change the price's description, tax rate and transfer destination.

## Archive a product or price

Archiving keeps the record for reporting but stops it being used on new line items.

* To archive a product, open it, use the <OverflowMenu /> and select **Archive**. Select **Activate** to restore it.
* To archive a price, open its product, use the price's <OverflowMenu /> and select **Archive**. Select **Activate** to restore it.