1. SAP Glossary
  2. Inventory Accounting
  3. price type


What is price type in SAP FIN-BAC-INV - Inventory Accounting?


SAP Term: price type

  • Component: FIN-BAC-INV

  • Component Name: Inventory Accounting

  • Description: Characteristic for semantically differentiating between prices. The price types supplied for standard business processes include: Inventory price Standard price Planned price You can create additional price types as needed.


Smart SAP Assistant

  • Key Concepts: 
    Price type is a feature of SAP Inventory Accounting that allows users to assign different prices to the same material. This is useful for tracking different costs associated with the same material, such as purchase price, sales price, and cost of goods sold. Price types can also be used to track discounts or surcharges associated with a particular material. 
    
    How to use it: 
    In order to use price type in SAP Inventory Accounting, users must first define the different price types in the system. This can be done by going to the “Define Price Types” transaction in the SAP system. Once the price types have been defined, users can assign them to materials in the “Assign Price Types” transaction. 
    
    Tips & Tricks: 
    When assigning price types to materials, it is important to make sure that the correct price type is assigned to each material. This will ensure that the correct prices are used when calculating inventory costs and other related transactions. 
    
    Related Information: 
    For more information on using price type in SAP Inventory Accounting, please refer to the official SAP documentation on the topic.
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