Price list validity in sap business one how-to guides:

In SAP Business One, You can set a price list as inactive until you are ready to use it. A company can set up pricing in advance, and activate a price list when required.

You can also set a price list to be active for a specific date range. This allows companies to offer price changes for a limited period. The pricing will only be effective when the first validity date is reached. When the range is no longer valid, the price list becomes inactive.

If you use an inactive price list in a document, no pricing will appear. If a marketing document refers to an inactive price list, such as in an order for a customer associated with an inactive price list, the item price is zero and the unit price field is shown as empty in the document row. When you add a document associated with an inactive price list, the system will warn you about the zero price. If an active price list has a date range, then the document posting date must fall within the date range, otherwise the price list will be considered inactive. For other windows such as the item master data, the system date is used for the comparison with the price list date range.

A price list can be deactivated any time, even if it is already assigned to a business partner.

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