What is standalone selling price in SAP FI-RA - Revenue Accounting?

SAP Term: standalone selling price

• Component: FI-RA

• Component Name: Revenue Accounting

• Description: The "fair value" selling price of a distinct good or service if it were sold on its own. This may be a percentage of the price of a bundle.

Smart SAP Assistant

• Key Concepts: 
  Standalone Selling Price (SSP) is a pricing method used in the FI-RA Revenue Accounting component of SAP. It is used to determine the price of a product or service when it is sold separately from other products or services. The SSP is calculated based on the cost of the product or service, plus any applicable taxes and fees. 
  
  How to use it: 
  The SSP can be used to determine the price of a product or service when it is sold separately from other products or services. The SSP is calculated by taking into account the cost of the product or service, plus any applicable taxes and fees. The SSP can then be used to set the price for the product or service when it is sold separately. 
  
  Tips & Tricks: 
  When calculating the SSP, it is important to take into account all applicable taxes and fees. This will ensure that the price of the product or service is accurate and fair. Additionally, it is important to keep track of any changes in taxes and fees, as these can affect the SSP. 
  
  Related Information: 
  The SSP can be used in conjunction with other pricing methods, such as discounts and promotions, to determine the final price of a product or service. Additionally, SAP provides a variety of tools and resources to help users understand and manage their pricing strategies.