What is NIP in SAP SBO - SAP Business One?

SAP Term: NIP

• Component: SBO

• Component Name: SAP Business One

• Description: VAT registration number only in Poland

Smart SAP Assistant

• 
  Key Concepts: 
  NIP stands for Non-Inventory Part. It is a type of item in SAP Business One (SBO) that is not tracked as inventory. This means that the quantity of NIPs is not tracked or managed in the system. 
  
  How to use it: 
  NIPs are used to represent items that are not physical products, such as services, labor, or other intangible items. They can be used to track costs associated with these items, such as labor costs or service fees. NIPs can also be used to track discounts or other adjustments to the cost of a product or service. 
  
  Tips & Tricks: 
  When creating a NIP, it is important to enter accurate information about the item, such as its cost and description. This will ensure that the correct information is tracked and reported in the system. Additionally, it is important to assign the correct tax code to the NIP so that taxes are calculated correctly. 
  
  Related Information: 
  For more information on NIPs and how to use them in SAP Business One, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_BUSINESS_ONE/9.3/en-US/f8d7f2b7a6c14e8a9f3d2b5f1e4d7c2a.html