What is tariff in SAP FS-AM - Account Management?

SAP Term: tariff

• Component: FS-AM

• Component Name: Account Management

• Description: Used by insurance companies in the rebate calculation of insurance premiums. Insurance companies can determine insurance premiums dependent from different customer attributes, for example age, sex, occupation, rating risk, insured capital. The combination of these different customer attributes is normally handled in tariff classes tariffs.

Smart SAP Assistant

• Key Concepts: 
  Tariff is a term used in the FS-AM Account Management component of SAP. It is a type of pricing structure that is used to determine the cost of goods or services. Tariffs are typically based on a set of criteria such as quantity, weight, or distance. 
  
  How to use it: 
  In FS-AM Account Management, tariffs are used to determine the cost of goods or services. Tariffs can be set up for different types of customers, such as retail customers or wholesale customers. The tariff can also be set up for different types of products, such as food items or electronics. The tariff can also be set up for different types of services, such as shipping or installation. 
  
  Tips & Tricks: 
  When setting up tariffs in FS-AM Account Management, it is important to consider the customer’s needs and preferences. For example, if a customer is looking for a discounted rate on a product, it may be beneficial to set up a tariff that offers a lower price for larger quantities. Additionally, it is important to consider the cost of goods and services when setting up tariffs in order to ensure that the customer is getting the best value for their money. 
  
  Related Information: 
  For more information on tariffs in FS-AM Account Management, please refer to the SAP Help Portal. Additionally, there are many online resources available that provide detailed information on how to set up and manage tariffs in SAP.