What is year offset in SAP IS-U-FPC - Formula-Based Price Calculation?

SAP Term: year offset

• Component: IS-U-FPC

• Component Name: Formula-Based Price Calculation

• Description: An attribute of the base year. The year offset defines the number of months that are to be added to January 1.

Smart SAP Assistant

• Key Concepts: 
  Year offset is a feature of the Formula-Based Price Calculation (FPC) component of SAP IS-U. It allows users to define a price for a certain period of time, such as a year, and then apply that price to all subsequent years. This is useful for setting up long-term contracts or agreements that require a fixed price over multiple years. 
  
  How to use it: 
  To use the year offset feature, users must first define the price for the first year in the contract. This can be done by entering the price in the “Price” field in the FPC component. Then, users can select the “Year Offset” option and enter the number of years for which the price should be applied. The system will then automatically apply the same price to all subsequent years. 
  
  Tips & Tricks: 
  When using year offset, it is important to remember that any changes made to the price in one year will not be applied to subsequent years. Therefore, if you need to make changes to the price in future years, you will need to manually adjust it each time. 
  
  Related Information: 
  For more information on using year offset in SAP IS-U FPC, please refer to SAP Help documentation at https://help.sap.com/viewer/product/ISU_FPC/731/en-US.