What is basic price in SAP IS-U-BI - Contract Billing?

SAP Term: basic price

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Fixed amount-independent part of a price.

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• Key Concepts: 
  Basic price is a term used in the SAP IS-U-BI Contract Billing component. It is the price of a product or service that is charged to the customer before any discounts or taxes are applied. This price is usually determined by the vendor and can be adjusted depending on the customer's needs. 
  
  How to use it: 
  In SAP IS-U-BI Contract Billing, basic price is used to calculate the total cost of a product or service. The basic price is entered into the system and then any discounts or taxes are applied to determine the final cost. This allows for easy and accurate billing of customers. 
  
  Tips & Tricks: 
  When entering a basic price into SAP IS-U-BI Contract Billing, make sure to double check that all discounts and taxes have been applied correctly. This will ensure that customers are billed accurately and that vendors are not overcharging them. 
  
  Related Information: 
  For more information on SAP IS-U-BI Contract Billing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this component effectively.