What is concession period in SAP SBO - SAP Business One?

SAP Term: concession period

• Component: SBO

• Component Name: SAP Business One

• Description: The period during which the special depreciation of an asset is legally permitted.

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• Key Concepts: 
  A concession period in SAP Business One (SBO) is a period of time during which a customer can purchase goods or services at a discounted rate. This period is usually set by the vendor and can be used to encourage customers to purchase more goods or services. 
  
  How to use it: 
  In SBO, concession periods are set up in the system by the vendor. The vendor can specify the start and end dates of the concession period, as well as the discount rate that will be applied during that period. Once the concession period is set up, customers can take advantage of the discounted rate when they purchase goods or services during that period. 
  
  Tips & Tricks: 
  It is important to ensure that the concession period is set up correctly in SBO, as any mistakes could lead to incorrect discounts being applied. Additionally, it is important to keep track of when the concession period ends, as any purchases made after this date will not be eligible for the discounted rate. 
  
  Related Information: 
  For more information on setting up concession periods in SBO, please refer to the SAP Business One User Guide. Additionally, you can contact your SAP representative for further assistance with setting up and managing concession periods in SBO.