What is 'business partner default price' in SAP FS-FND - Foundation?

business partner default price - Overview

• Component: FS-FND

• Component Name: Foundation

• Description: A condition group containing default prices that are not based on a certain contract that are valid for all business partners of a bank.

business partner default price - Details

• 
  Key Concepts: 
  Business partner default price is a feature in the FS-FND Foundation component of SAP software. It allows users to set a default price for a business partner, which will be used for all transactions with that partner. This helps to streamline the process of setting prices for each transaction, as the default price will be automatically applied. 
  
  How to use it: 
  To use the business partner default price feature, users must first set up a default price for each business partner. This can be done in the SAP system by navigating to the “Business Partner Default Price” screen and entering the desired price. Once this is done, all transactions with that business partner will use the default price. 
  
  Tips & Tricks: 
  It is important to keep in mind that the default price will only be applied if no other pricing information is provided. If a different price is specified for a particular transaction, then that price will be used instead of the default. 
  
  Related Information: 
  For more information on setting up and using business partner default prices, please refer to the SAP Help documentation.