What is balance sheet price in SAP MM-IV - Invoice Verification?

SAP Term: balance sheet price

• Component: MM-IV

• Component Name: Invoice Verification

• Description: The resultant price from balance sheet valuation that can be adopted as the new material price or as a physical inventory price.

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• Key Concepts: 
  Balance sheet price is a term used in SAP's Materials Management (MM) Invoice Verification component. It is the price of a material that is stored in the balance sheet account and is used to calculate the value of the material stock. This price is determined by the system based on the purchase price of the material and any additional costs associated with it. 
  
  How to use it: 
  The balance sheet price can be used to calculate the value of a material stock. This is done by multiplying the balance sheet price by the quantity of the material in stock. The resulting value can then be used to determine the total value of a company's inventory. 
  
  Tips & Tricks: 
  It is important to keep track of changes in the balance sheet price as this can affect the value of a company's inventory. Additionally, it is important to ensure that all costs associated with a material are taken into account when calculating its balance sheet price. 
  
  Related Information: 
  The balance sheet price is closely related to other terms such as standard price and moving average price, which are also used in SAP's Materials Management Invoice Verification component. Additionally, it is important to understand how these prices are calculated and how they can affect a company's inventory value.