Hi orlanda,

The 'Update Alternative Price List' function will alow changing information on previously created item-price list combinations. It will not add new items to a price list - sometimes companies only want some items on a price list and not others.

If you want to add new items to tha price list, you could either import them from Excel (as posted above) or use the 'Create Alternative Price List Items' function. Indeed if the price lists don't have 'easily convertable' amounts from the base price(ie 10% less or 20.00 more), it is easier to import the information rather than try and determine which method to 'Create', and having to edit it later on anyway.
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Regards,
Softrak Tech Support