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

SAP Term: valuation price

• Component: SBO

• Component Name: SAP Business One

• Description: The price of an item calculated according to a specific valuation method, for example, the moving average price.

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• Key Concepts: 
  Valuation price is a feature in SAP Business One (SBO) that allows users to set a specific price for a particular item or group of items. This price is used to calculate the value of the inventory and can be used to determine the cost of goods sold. The valuation price is set by the user and can be changed at any time. 
  
  How to use it: 
  In order to use the valuation price feature, users must first set up a valuation price for each item or group of items in their inventory. This can be done by going to the Inventory tab in SBO and selecting the “Valuation Price” option. From there, users can enter the desired price for each item or group of items. Once this is done, the valuation price will be used to calculate the value of the inventory. 
  
  Tips & Tricks: 
  It is important to keep in mind that the valuation price should be updated regularly in order to ensure accuracy. Additionally, it is important to note that the valuation price does not affect the cost of goods sold, but rather is used as a reference point for calculating inventory value. 
  
  Related Information: 
  For more information on setting up and using valuation prices in SBO, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials available that provide step-by-step instructions on how to set up and use valuation prices in SBO.