What is 'manually entered price' in SAP CO - Controlling?

manually entered price - Overview

• Component: CO

• Component Name: Controlling

• Description: Activity price or business process price that is set manually rather than calculated iteratively.

manually entered price - Details

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  Key Concepts: 
  Manually entered price is a feature in SAP Controlling (CO) that allows users to manually enter a price for a cost element or cost object. This feature is useful when the actual price of an item is not known or when the user wants to override the system-calculated price. 
  
  How to use it: 
  To use manually entered prices, users must first activate the feature in the Customizing settings. Once activated, users can enter a manually entered price for a cost element or cost object in the relevant transaction. The manually entered price will then be used instead of the system-calculated price. 
  
  Tips & Tricks: 
  When entering manually entered prices, it is important to ensure that the correct currency is used. Additionally, users should be aware that manually entered prices will override any system-calculated prices and should be used with caution. 
  
  Related Information: 
  For more information on manually entered prices in SAP Controlling (CO), please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to use this feature.