What is pricing agreement in SAP FS-FND - Foundation?

SAP Term: pricing agreement

• Component: FS-FND

• Component Name: Foundation

• Description: The conditions agreed individually between the bank and a business partner with a certain validity period. Within the business partner hierarchy for pricing, pricing agreements can be inherited/passed on.

Smart SAP Assistant

• Key Concepts: 
  A pricing agreement in SAP FS-FND Foundation is a contract between a customer and a vendor that outlines the terms of a sale. It includes the price, quantity, and delivery date of the goods or services being sold. The agreement also specifies any discounts or other incentives that may be offered. 
  
  How to use it: 
  In SAP FS-FND Foundation, pricing agreements are created in the Sales and Distribution (SD) module. The agreement is created by entering the customer’s information, the product or service being sold, and the agreed-upon terms. Once the agreement is saved, it can be used to generate sales orders and invoices. 
  
  Tips & Tricks: 
  When creating a pricing agreement in SAP FS-FND Foundation, it is important to ensure that all of the details are accurate. This includes the customer’s information, the product or service being sold, and any discounts or incentives that may be offered. It is also important to ensure that all of the terms are clearly stated in order to avoid any misunderstandings. 
  
  Related Information: 
  For more information on pricing agreements in SAP FS-FND Foundation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to create and manage pricing agreements in SAP FS-FND Foundation.