What is average price in SAP SBO - SAP Business One?

SAP Term: average price

• Component: SBO

• Component Name: SAP Business One

• Description: The mathematic average of all valid prices of a commodity.

Smart SAP Assistant

• Key Concepts: 
  Average price is a feature in SAP Business One (SBO) that allows users to calculate the average cost of goods sold. This feature is useful for businesses that need to track the cost of goods sold over time. It can also be used to calculate the average cost of inventory items. 
  
  How to use it: 
  To use the average price feature in SBO, users must first enter the cost of goods sold into the system. This can be done manually or by importing data from an external source. Once the cost of goods sold has been entered, users can then select the “Average Price” option from the menu. This will display a graph showing the average cost of goods sold over time. 
  
  Tips & Tricks: 
  When using the average price feature in SBO, it is important to remember that it only takes into account the cost of goods sold and not any other costs associated with inventory items. Additionally, users should be aware that this feature does not take into account any discounts or other adjustments that may have been applied to the cost of goods sold. 
  
  Related Information: 
  The average price feature in SBO can be used in conjunction with other features such as inventory valuation and stock management. Additionally, users may find it helpful to use this feature in combination with other reporting tools such as financial statements and budgeting tools.