What is price table in SAP SRD-FIN-ACC - FIN-Financial Accounting?

SAP Term: price table

• Component: SRD-FIN-ACC

• Component Name: FIN-Financial Accounting

• Description: A table that contains the valuation prices valuation approaches needed to valuate inventories. Prices are maintained at the material/permanent establishement level later also at the level of the batch, material group, sales order, etc.. Any number of different prices can be updated for every possible attribute. The prices are identified based on the set of books,validity date and price type and price variant.

Smart SAP Assistant

• Key Concepts: 
  A price table is a tool used in SAP Financial Accounting (FI) to store and manage pricing information. It is used to define the prices of goods and services that are sold or purchased by a company. The price table contains information such as the item code, unit of measure, currency, and price. It also stores the validity period of the prices, which can be used to determine when a price change should take effect. 
  
  How to use it: 
  The price table can be accessed in SAP FI by navigating to the “Price Table” tab in the “Financial Accounting” menu. From there, users can create new price tables or edit existing ones. When creating a new price table, users must enter the item code, unit of measure, currency, and price. They can also specify the validity period for the prices. Once the price table is saved, it can be used to determine the prices of goods and services that are sold or purchased by a company. 
  
  Tips & Tricks: 
  When creating a new price table, it is important to ensure that all of the necessary information is entered correctly. This includes the item code, unit of measure, currency, and price. Additionally, users should make sure that they specify an appropriate validity period for the prices in order to ensure that they are up-to-date. 
  
  Related Information: 
  For more information on how to use SAP FI’s price table feature, please refer to SAP’s official documentation on the topic: https://help.sap.com/viewer/product/SAP_FINANCIAL_ACCOUNTING/80000001/en-US