What is reference point in SAP IS-EC-BOS - Customer Bill of Services?

SAP Term: reference point

• Component: IS-EC-BOS

• Component Name: Customer Bill of Services

• Description: Means of assigning BOS costing items to WBS elements using the BOS-Project cost transfer. There are two possibilities for the cost transfer: Costing item transfer A costing item is selected and transferred individually. If the reference point in a costing item agrees with that in a WBS element, that creates a logical connection between them which enables the system to assignment the costing item to the WBS element automatically. Cost estimate transfer A cost estimate of service line is selected. The system transfers the service line as a costing node including each costing item beneath the service line. If the reference point in a service line agrees with that in a WBS element, that creates a logical connection between them which enables the system to assignment the cost estimate to the WBS element automatically.

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• Key Concepts: 
  Reference Point is a term used in the IS-EC-BOS Customer Bill of Services component of SAP. It is a point in time when the customer's service agreement is evaluated and any changes to the agreement are made. This evaluation is done to ensure that the customer's service agreement is up to date and meets their needs. 
  
  How to use it: 
  The reference point is used to evaluate the customer's service agreement and make any necessary changes. This evaluation should be done regularly, such as every month or quarter, to ensure that the customer's service agreement is up to date and meets their needs. The reference point can also be used to track changes in the customer's service agreement over time. 
  
  Tips & Tricks: 
  When evaluating the customer's service agreement at the reference point, it is important to consider any changes that have occurred since the last evaluation. This includes changes in customer needs, changes in technology, or any other factors that may have impacted the customer's service agreement. 
  
  Related Information: 
  The IS-EC-BOS Customer Bill of Services component of SAP also includes other features such as billing, invoicing, and reporting. These features can be used in conjunction with the reference point to ensure that the customer's service agreement is up to date and meets their needs.