What is 'cost event type' in SAP FIN-FSCM-BC - Biller Consolidator?

cost event type - Overview

• Component: FIN-FSCM-BC

• Component Name: Biller Consolidator

• Description: A rough classification of services performed.

cost event type - Details

• 
  Key Concepts: 
  Cost Event Type is a component of the Biller Consolidator module in SAP. It is used to define the type of cost event that will be used to calculate the cost of a particular transaction. Cost Event Types are used to determine the cost of a transaction based on the type of transaction, such as a purchase order, invoice, or payment. 
  
  How to use it: 
  In order to use Cost Event Type, you must first define the type of cost event that will be used for each transaction. This can be done by selecting the appropriate Cost Event Type from the drop-down menu in the Biller Consolidator module. Once you have selected the Cost Event Type, you can then enter the details of the transaction and calculate its cost. 
  
  Tips & Tricks: 
  When defining Cost Event Types, it is important to ensure that they are accurate and up-to-date. This will ensure that the cost calculations are accurate and that any discrepancies between actual costs and calculated costs can be easily identified and rectified. 
  
  Related Information: 
  For more information on Cost Event Types, please refer to SAP's official documentation on Biller Consolidator. Additionally, there are many online resources available which provide detailed tutorials and examples on how to use Cost Event Types in SAP.