What is validity period of a price in SAP FIN-BAC-INV - Inventory Accounting?

SAP Term: validity period of a price

• Component: FIN-BAC-INV

• Component Name: Inventory Accounting

• Description: Time period between the valid from and valid to date in which a price is valid without overlapping.

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• Key Concepts: 
  The validity period of a price in SAP is the time frame in which a certain price is valid. This is important for inventory accounting, as it allows the system to determine which prices should be used for different transactions. The validity period of a price can be set up in the system and can be changed at any time. 
  
  How to use it: 
  In order to set up the validity period of a price in SAP, you must first go to the FIN-BAC-INV Inventory Accounting module. Once there, you will need to select the “Price Validity” option from the menu. From there, you will be able to enter the start and end dates for the validity period of the price. 
  
  Tips & Tricks: 
  It is important to remember that the validity period of a price can be changed at any time. This means that if you need to update the validity period of a price, you can do so without having to delete and re-enter all of the information. 
  
  Related Information: 
  For more information on setting up and managing prices in SAP, please refer to the official SAP documentation on pricing.