What is net rate in SAP PS-FIO - Fiori UI for Project System?

SAP Term: net rate

• Component: PS-FIO

• Component Name: Fiori UI for Project System

• Description: A monetary amount relative to a quantity of measurement, such as time. For example, 10 EUR per hour. The net rate is used for determining the amount to be charged to a customer when preparing their bill.

Smart SAP Assistant

• Key Concepts: 
  Net rate is a term used in the Project System (PS) component of SAP. It is a rate that is calculated by subtracting the cost of materials and services from the total revenue of a project. This rate is used to determine the profitability of a project. 
  
  How to use it: 
  In the PS-FIO Fiori UI for Project System, net rate can be calculated by entering the total revenue and cost of materials and services into the system. The system will then calculate the net rate and display it on the screen. 
  
  Tips & Tricks: 
  When calculating net rate, it is important to ensure that all costs and revenues are accurately entered into the system. This will ensure that the net rate calculation is accurate and reliable. 
  
  Related Information: 
  Net rate can also be used to compare different projects and determine which one is more profitable. This can be done by comparing the net rates of different projects and selecting the one with the highest net rate.