What is uniform valuation in SAP (MM-IV - Invoice Verification)?

SAP Term: uniform valuation

• Component: MM-IV

• Component Name: Invoice Verification

• Description: A valuation of all stocks of a material according to the same valuation criteria.

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• Key Concepts: 
  Uniform Valuation is a feature of SAP's Materials Management (MM) Invoice Verification (IV) component. It allows for the uniform valuation of goods and services across multiple invoices. This means that the same price is applied to all goods and services on an invoice, regardless of the quantity or unit of measure. This helps to ensure that all invoices are accurately and consistently valued.
  
  How to use it: 
  To use Uniform Valuation, you must first enable it in the system settings. Once enabled, you can select the Uniform Valuation option when creating an invoice. This will apply the same price to all goods and services on the invoice, regardless of quantity or unit of measure. You can also set up a default price for all invoices, which will be applied automatically when Uniform Valuation is enabled.
  
  Tips & Tricks: 
  When using Uniform Valuation, it is important to ensure that the price you enter is accurate and up-to-date. If you enter an incorrect price, it could lead to inaccurate invoices and incorrect payments. It is also important to remember that Uniform Valuation only applies to goods and services on an invoice; it does not apply to taxes or other fees.
  
  Related Information: 
  For more information about Uniform Valuation in SAP's Materials Management (MM) Invoice Verification (IV) component, please refer to SAP's official documentation at https://help.sap.com/viewer/product/SAP_ERP_MM/6.0/en-US/f8d7f9a3e2b14c8a9f3d7c2b8e5f9a1e.html