When configuring Salesforce.com, we will encounter situations where we are reusing certain static data within different formulas or even custom code, such as sales tax percentages, commission rates, or even the number of response days for SLAs. To maintain these values more efficiently, we can create custom settings in Salesforce that are just like custom objects but hold static data that can only be changed by administrators. These settings also allow different sets of values based on the logged in user's profile.

• Create the custom setting object
• Create custom setting fields
• Manage Data for Custom Settings