What is indirect quotation in SAP FI - Financial Accounting?

SAP Term: indirect quotation

• Component: FI

• Component Name: Financial Accounting

• Description: Value ratio between two currencies, usually between the local currency and a foreign currency. Based on the local currency, the "quantity" is classified, which corresponds to a unit of local currency in the foreign currency. Reciprocal value of the direct quotation. &EXAMPLE& Local currency: EUR Foreign currency: USD For one unit of the local currency, you receive the displayed quantity of units of the foreign currency, that is, 1.0808 USD.

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• Key Concepts: 
  Indirect quotation is a feature in SAP Financial Accounting (FI) that allows users to create a quotation for a customer without having to enter the exact amount of the quote. Instead, the user can enter a percentage or an amount range that will be used to calculate the final quote. This feature is useful for customers who are unsure of their exact requirements or who need to negotiate a price. 
  
  How to use it: 
  To use indirect quotation in SAP FI, the user must first create a quotation document. Once the document is created, the user can enter either a percentage or an amount range in the “Indirect Quotation” field. The system will then calculate the final quote based on this information. 
  
  Tips & Tricks: 
  When using indirect quotation, it is important to remember that the system will always calculate the final quote based on the information entered in the “Indirect Quotation” field. Therefore, it is important to ensure that this information is accurate and up-to-date before submitting the quotation document. 
  
  Related Information: 
  For more information about indirect quotation in SAP FI, please refer to the SAP Help documentation or contact your local SAP support team.