What is pro rata temporis in SAP SBO - SAP Business One?

SAP Term: pro rata temporis

• Component: SBO

• Component Name: SAP Business One

• Description: A type of period control in which asset values during the course of the fiscal year are calculated proportionally. An example of pro rata temporis is Exact Daily Base EDB.

Smart SAP Assistant

• Key Concepts: 
  Pro rata temporis is a Latin phrase meaning “in proportion to the time”. In SAP Business One, it is used to describe the process of allocating costs or revenues over a period of time. This is done by dividing the total cost or revenue by the number of days in the period and then multiplying it by the number of days in each month. 
  
  How to use it: 
  In SAP Business One, pro rata temporis can be used to allocate costs or revenues over a period of time. To do this, you must first determine the total cost or revenue for the period. Then, divide this amount by the number of days in the period and multiply it by the number of days in each month. This will give you an amount that can be allocated to each month. 
  
  Tips & Tricks: 
  When using pro rata temporis in SAP Business One, it is important to remember that the total cost or revenue must be divided by the number of days in the period before multiplying it by the number of days in each month. This will ensure that you are accurately allocating costs or revenues over a period of time. 
  
  Related Information: 
  Pro rata temporis is also used in other areas such as accounting and taxation. It can be used to calculate taxes, interest rates, and other financial calculations. Additionally, pro rata temporis can be used to calculate depreciation for assets over a period of time.