DIFFERENCE BETWEEN GROSS PRICE, NET PRICE AND EFFECTIVE PRICE

HI FRIENDS,
CAN YOU EXPLAIN ME IN DETAIL, WHAT IS THE DIFFERENCE BETWEEN GROSS PRICE, NET PRICE AND EFFECTIVE PRICE WITH A GOOD EXAMPLE.
REGARDS.

Hi,
Example: Material Price is Rs.1000/-
& Discount is 10% and tax is 10% and freight is Rs.50/-,Fixed( it may also %)
So Here the Material Price is called Gross Price Rs.1000/-
Gross Price (Rs.1000/-) – Discount {Rs100/-(10% of Rs.1000/-)}= Net Price Rs.900/-
Here Net Price Rs.900/-
Tax Rs. 90/- (Rs.900/- +Rs.90=Rs990/- is called sub-total)
Freight Rs. 50/-
Rs.1040/-
The Total Price (Rs.1040/-) is called Effective Price.
Note:
1) Total value = total quantity x price
When a price changes, the value of the stock changes, since the value is calculated from the price:( its also depends on price Control)
2) Effective (actual) price: Net price minus cash discount and plus miscellaneous provisions and delivery costs as well as non-deductible input tax.
Regards,

Similar Messages

  • Difference between Gross-to-Net and Net-to-Gross in Payroll?

    Hi,
    I came across these terminology Gross-to-Net and Net-to-Gross in Payroll.What will we do in calculating Gross to net or net to gross.What is the difference.?

    I got it...Usually we have to derive net amount from Gross amount..that is called gross to net..in case if we want to calculate gross from net..then that is called net to gross am i right?

  • HOW TO CALCULATE NET SALES AND CONTRACT PRICE?

    Dear experts,
    I have the requirement of sales price report
    the report layout should be
    Prod descr    material Number   Contract type  contrcat name     rebate  net sales  contract price  units
    we have the master data information is reside already in multiprovider and transaction information how to calculate in frond end ?
    for sales  pricing report how to manipulate teh net sales and contract  price
    value?
    any standard formulaes is there?
    plz suggest  me
    regards

    Hi,
    For quick and best response unless someone answer's in this forum, post your question in SAP Community Network Forums » SAP Solutions » ERP - Sales and Distribution (SD) General   or something related to your question.
    Check this link if it helps -
    http://help.sap.com/saphelp_46c/helpdata/en/93/74353e546011d1a7020000e829fd11/frameset.htm
    Thanks,
    Shambhu.

  • Difference between sales order schedule line and item level data

    Hi All,
    Could you please let me know what is the difference between sales order schedule line and item level data?
    Thanks,
    Ramya

    Hi Ramya,
    Sales order schedule line contains del date, order qty, rounded qty, confirmed qty, delivery qty, schedule line category, purchase requisition etc.,  ie It contains the full details of sales order data with respect to the scheduled line of delivery.  The total quantity of a sales order item can be subdivided into schedule lines that contain the various subsets with the corresponding delivering dates.
    Sales order Item level data contains details of the item in the sales order like material code, net price, net value, UoM, PO details, reason for rejection if any, material group,billing date, plant etc., ie this
    contains the full details of item irrespective of scheduled line.
    Regards,
    R. Senthil Mareeswaran.

  • What is the difference between version 4.7 EE and ECC 6.0 in SD module.

    Hi SAP Gurus,
    what are the features in 4.7 EE version in general.
    what are the features in ECC 6.0  version in general.
    then give me the exact difference between version 4.7 EE and ECC 6.0 in SD module.
    if u give the information, then u will get the rewards.
    Regards,
    somu.

    Hi Somu,
             These are additional enhancements avialble in ECC6.0 other than that remaining same as 4.7E
    1.E-Commerce:- SAP ERP provides powerful e-commerce capabilities that can be expanded in an easy, cost-effective manner in line with business growth. Organizations can run a complete sales process on the Internet, and provide business-to-business (B2B) and business-to-consumer (B2C) customers with personalized and interactive online self-services.
    2.Mobile Sales for Handhelds:-SAP ERP enables sales professionals to access front- and back-office business processes and to manage critical sales activities in the field using standard PDAs or other handheld devices (including those with bar code scanners). In this area, SAP ERP provides the following functions:- Customer managementWith SAP ERP, sales professionals may enter, view, and modify detailed customer information, and view sales order history for each customer.- Sales order managementSAP ERP enables sales staff to take sales orders via bar code scanners; search, create, and modify sales orders; and list or sort sales order partners.- Material managementSupport for material management for mobile sales enables staff to view material lists or details for a specific material, search material, and display customer-specific prices.
    3.Resource-Related Down Payments and Billing:-- Supports creation of down-payment requests analogous to the functions offered by resource-related billing- Enables organizations to bill the requesting company code for services provided via a resource-related billing document.
    4.SAP Beverage Functions Available for the Consumer Products Industry:- As of SAP ERP Central Component (SAP ECC) 5.00, the following functions from the SAP beverage industry solution are available for the consumer products industry:* SAP ECC 5.00, consumer products (EA-CP 500)- Material sorting- Extra charge- Empties management- Part load lift orders- Pendulum list indirect sales- Sales returns- Excise duty* SAP ECC 5.00, supply chain management extension (EA-SCM 500)- Direct store delivery back-end- Master data- Visit control- Transportation planning (including loading units, aggregation categories)- Vehicle space optimization- Output control (including valuated delivery note)- Route accounting (including tour data entry, cash payer, route settlement)* SAP ECC 5.00, industry-specific sales enhancements (EA-ISSE 500)- Extended rebate processing.
    5.Credit Management:-Integrating sales and distribution (SD) credit management with SAP Credit Management application:With SAP ERP 6.0 application, you can also use SAP Credit Management in SAP Financial Supply Chain Management set of applications (FIN-FSCM-CR) to perform all credit checks and commitment updates for all areas of sales (SD-BF-CM). In SAP Credit Management, you can update the data from multiple systems. This enables you to execute credit checks with consistent data in distributed systems, too. Furthermore, you can connect to external credit information providers by extensible markup language (XML) interfaces. Alternatively, you can continue to use SD Credit Management (SD-BF-CM).
    6.E-Commerce: Catalog Management :-As of SAP ERP 6.0 application, you must carry out product catalog replication from your ERP solution to the Text Retrieval and Information Extraction (TREX) server for use in the Web shop, using the report ISA_CATALOG_REPLICATION.
    7.E-Commerce: Quotation and Order Management:- Order creation with reference to a contract that has been displayed* Lock of sales documents to avoid concurrent access during the order change process* Display of bills of material in the shopping basket* Free goods processing* Processing of grid products for the SAP Apparel and Footwear application* One-step business order processing* Selection of multiple transaction types in the shopping basket* Credit card support in business-to-business (B2B) Web shop* Material number format conversion* Maintenance of delivery priority in the shopping basket (B2B)* Document search for all documents across all sales areas* Interprocess communication-characteristic value display in basket and order confirmation
    8.E-Commerce: Selling Over eBay:-Creation and management of product listings on eBay leverages the e-commerce order management and fulfillment capabilities of the SAP ERP application by easily tying existing tax, pricing, shipping, and payment configurations to post-auction processing. Enhancements in 2005: * You can use the business-to-consumer (B2C) checkout instead of the eBay checkout. With the B2C checkout, you can maximize cross-selling and up-selling opportunities by leveraging B2C functionality, determine tax and shipping using the elaborate methodologies available through condition techniques in SAP ERP 6.0. * E-mail notification scenario: winner notification to keep the auction winner updated with the status of the auction and of his or her order * Monitoring through features such as single-activity trace (SAT), heartbeat, and logging * Creation and publishing of multiple-item auctions and manual retraction of winners
    9.E-Commerce: User Management:-- Web-based user management for business-to-business internet users - Assignment of authorization roles to users in web-based user management - Automatic migration of SU05 to SU01 internet users
    10.Enterprise Services in Sales Order Management:-Please check in the Enterprise Services Workplace site which enterprise services are available for sales order management on the SAP Developer Network site (www.sdn.sap.com).
    11.Internet Pricing and Configurator (IPC):-The IPC is enhanced and integrated to allow configuration within the sales documents of the SAP ERP application reusing existing model data while leveraging its improved functionality and advanced user interface within SAP ERP.
    12.Price Catalog (PRICAT): – Inbound Processing (Retail):-Inbound message processing of PRICAT essages:As of SAP ERP Central Component enterprise extension retail 6.0 (EA-RET 600) component, you can create and change article data automatically, or in an interface for mass data handling. The system takes both single and generic articles and bills of material and prices into account.
    13.Rebate Condition Records Using Scales:-As of SAP ERP 6.0 application, you can set up rebate agreements so that the scale base value and the rebate scale level is derived from the total sales volume of multiple condition records. You do this by grouping condition records in the rebate agreement.
    14.SAP Role: – Internal Sales Representative:-SAP role – internal sales representativeThis role delivers all the functions to fulfill the requirements of an internal sales representative. This includes tasks such as answering phone calls from customers and prospective customers, processing incoming inquiries and sales orders, and preparing quotations and sales contracts.Target groupThe responsibilities of an internal sales representative (or customer service representative) include the following:- Answering phone calls from customers and prospective customers- Answering product, price, and order status related questions- Processing incoming inquiries and sales orders- Preparing quotations and sales contracts- Taking sales orders and ensuring successful order processing – for example, taking care of the completeness of sales documents, releasing delivery-blocked orders, and so on - Support for the outside sales force – for example, checking on quotations, updating customer master data, and so on- Preparing reports and sales analyses for the sales manager and the sales teamWork overview This work center gives you an overview of your daily work and gives you easy access to your most important tasks. Sales documents This work center allows you to work on all your sales documents. You can create and maintain inquiries, quotations, sales orders, sales contracts, scheduling agreements, and billing documents. Order fulfillment This work center allows you to monitor order fulfillment. You can display deliveries, backorders, and shipments, and can check product availability.Master data This work center enables you to work on all your master data. You can create and maintain business partners, customer agreements, prices and conditions, and products.
    I hope it will help you
    Regards,
    Murali.

  • Difference between SAP BI 7.0 and SAP Business objects

    Dear All,
        I would like to know what is the difference between SAP BI 7.0 and SAP Business objects.What Advantage will we have if we implement sap business objects rather then SAP BI 7.0.WOur management wants to implement

    Hi,
    Strategies for better reports, queries, Web reporting, formatting, dashboards, cockpits, planning, and performance management
    advantages of BO
    Crystal Reports XI is the latest version of the report writer from Business Objects. Local reports guru David McAmis takes the new version for a spin.
    Most developers might know Crystal Reports from versions included in Studio, Visual Studio.NET, and other popular developer IDEu2019s such as BEA Workshop, C# Builder, Delphi 2005, JBuilder, WebSphere.
    In this latest installment both report and application developers have something to be excited about as there are a host of new features for report design and integration. Hereu2019s a run-down of what you can expect in this release.
    What's New in Xcelsius version 4.5
    Xcelsius now provides the following new components:
    Candlestick and OHLC Chart components
    The open-high-low-close and candlestick charts are primarily used to display stock data. Each marker corresponds to the four values, which are represented as lines attached to the marker on the OHLC chart and as colors on the candlestick chart. Open displays the opening price of the stock. High displays the highest price the stock achieved on that day. Low displays the lowest price the of the stock on that day. Close displays the closing price of the stock.
    For more advantages go through the below link
    http://www.crimson-consulting.com/marketing/experience/knowledge/white_papers/cognos_tco.pdf
    For BI go throug hthe below link
    http://www.elegantjbi.com/Why-Business-Intelligence-better/business-intelligence-advantage.htm
    Regards,
    Marasa.

  • The Difference between iphone Unlock T-Mobile and iphone Unlock Free-Sim

    As mentiond in the title my questions are:-
    - What is the Difference between iphone Unlock T-Mobile and iphone Unlock Free-Sim?!
    - Did they both work Internationally?!
    - For the Unlock T-Mobile should i use their sim or i can use any sim directly?!
    Thanks

    Unlocked means unlocked and you can use any sim card and keep changing them and the phone will never lock if it is unlocked.
    Sim free, means that the phone is sold at full price without a sim card, but the phone will lock to the first sim card that you put in it.  A sim free phone will work internationally, but you will have to use a roaming plan with your phone company because the phone will be locked, so you CANNOT change it to a local sim card.
    If you have an unlocked phone, you can use it internationally by inserting a local sim card and the phone should then work and you won't have to pay increased roaming charges as you would with a locked phone.
    If you buy a T-Mobile phone that is unlocked, DO NOT activate it with their sim card or the phone will lock to T-Mobile and you will have to approach them to get it unlocked.  Use it with another sim card straight away and it will remain unlocked.

  • What is the difference between a Prod Ord (Created) and Prod Ord (Released)

    Hi
    Please can someone advise the significant differences between a Prod Ord (Created) and
    Prod Ord (Released)
    And what are the effects/relations of each of them to Dependant demand in APO SNP for a products BOM components.
    I currently have a product where the Ord Res for the BOM component only appears against Dependant demand key figure in APO SNP when the Prod Ord is Released
    Thanx
    Keegan

    In addition to what Senthil has mentioned
    The ATP Category on the order element at
    Header product                                            Component product Requirement Element
    Production Order (Created)                           Dependent Demand (AY)
    Production Order (Released)                         Order Reservation  (AU or AV)
    Check the category group assignment for Dependent Demand keyfigure in your SNP Planning Area.
    The Dependent Demand keyfigure 9ADMDSE for 9AMALO aggregate will have Category Group assignment DS1 as standard. DS1 has AU, AV, AY and EL Categories details of which are below
    ATP Cat                                     Catergory Description               Category Type
    AU     OrdRes     Order reservation not withdrawable     Requirements     
    AV     OrdRes (W)     Order reservation withdrawable     Requirements     
    AW     OrdRes     Order reservation not withdrawable     Receipts     
    AX     OrdRes (W)     Order reservation withdrawable     Receipts          
    AY     DepDmd     Dependent demand                                     Requirements     
    AZ     DepDmd     Dependent demand                                     Receipts
    So if you have some other Category Group assignment which does not have AY in it. So unless the Production Order is Released you do not see the component requirement in Dependent Demand keyfigure in Interactive SNP.
    Hope this helps.
    somnath

  • Difference between a B/S ac and P&L ac

    Hi Guys,
    What is the basic difference between a Balance sheet AC and a P&L AC.
    How can i know by looking at an account in SAP whether it is a BS ac or P&L ac.
    What is the major difference. Because in both accounts we make postings.Then where does the difference come.
    How does the system or we interpret the difference.
    Thanks
    srik.

    Hi Sirkanth,
    Profit and loss A/c is a Nominal account. It discloses net operational results (Profit or loss) for a particular period will be displayed.
    Balance sheet is not an account. It is a statement. But it will be prepared with the help of Real and Personal accounts balances as on a specified date (Usually at the end of the year).
    Balance accounts should be carried forward to the next fiscal year whereas Profit and Loss A/c accounts should not be carried forward to the next fiscal year. These accounts balances should be carried forward to Retained Earnings A/c. Finally the Retained Account shows net results (Profit or Loss). and the Retained Earnings A/c should be transferred to Liabilities side of the Balance Sheet.
    P&L A/s shows the net results (Profit or Loss) whereas the Balance Sheet shows the Financial Position of a Business as on a particular date.
    A profit and loss account reports the results of activity over a period of time, usually one year. A balance sheet reports the situation (assets, liabilities and equity) at a point in time.
    The Profit and Loss Statement reports (Revenue - Expenses) Net Income (Net Profit) and it accumulates throughout one fiscal (business) year and is restarted from zero at the end of the year.
    The Balance Sheet reports the value of the entity (person or business). Assets = Liabilities + Equity. Its accounts start from zero at the beginning and continue to accumulate until the business closes.
    These are some differences between Balance sheet and Profit and Loss account.
    Hope this will clear.
    Regards,
    Kannusamy S

  • What is the difference between project workflow activities UpdateProjectProperty and UpdateTextProperty in visual studion 2012?

    Hello All,
    What is the difference between project workflow activities 'UpdateProjectProperty' and 'UpdateTextProperty' in visual studion 2012?

    Hi,
    Both are developed with .NET framework, per my knowledge, the biggest difference would be the environment they applied to: one for Windows platform, one for SharePoint platform:
    http://msdn.microsoft.com/en-us/library/vstudio/ms733615(v=vs.90).aspx
    http://msdn.microsoft.com/en-us/library/office/ms446847(v=office.14).aspx
    Best regards,
    Patrick
    Patrick Liang
    TechNet Community Support

  • Difference between the TABs  "All Content" and "Discussions" on the new forum?

    Hi,
    Does anyone know the difference between the TABs  "All Content" and "Discussions" on the new forum?  They seem to be the same.  I'm confused.
    Petey

    Petey,
    Though I was part of the forum update beta, there was some that we could not effectively test, plus some aspects (like "Like"), that some liked, but others did not. That sort of thing happens.
    Also, now that we have the full version, and all servers are synced, there will probably be things that the beta testers did not get to experience. We will all be learning, in the process too. Also remember, much of the new forum software was provided by Jive, and though many of us commented (pros and cons), only so much could be addressed. It was not quite like doing a beta on Adobe software, as there was a complete, separate layer in between.
    So far, what I see looks close to what we saw a few weeks (months?) ago. Now, I need to really put the real software through its paces, to see what got changed from then, until now.
    Good luck,
    Hunt

  • Difference between cleared items,open items and all postings (FI).

    Hi experts,
    Can anybody tell me the difference between cleared items,open items and all postings for an account.
    While running corresponding bapis and transaction FAGLL03 (for GL) or FBL1N (for accounts payable) i found that in some cases all postings is less than cleared items or open items for a time period. How could it happen.According to my knowledge all postings should contain cleared items and open items.
    Please correct me..
    Thanks and Regards
    Arjun

    Hi Arjun,
    For every Billing Documnet created(VBRK/VBRP-VBELN) there will be an accounting document created in BSID/BSAD tables.
    OPEN ITEMS means the Billed/Invoice Amounts that are pending from Customers, i.e which we have to receive from Customers.
    CLOSED ITEMS means the AMOUNTS received from that customer.
    OPEN ITEMS : fetch data from BSID table Only
    CLOSED ITEMS : fetch data from BSAD only.
    ALL POSTINGS : fetch data from both BSID and BSAD.
    Hope this will help.
    Regards,
    Nitin.

  • The Difference between Extending a Wireless network and WDS?

    I have an Extreme (n) and an Express (n).
    I want to make sure the signal is strong upstairs and share a printer (connected to the express) and use AirTunes. I also may add an external drive to the Extreme.
    What's the difference between Extending a Wireless Network and using WDS? Will there be a speed difference?
    Message was edited by: J. Christopher Edwards

    I think you don't get it
    If I have another draft N router that operates at 2.4G and I have only n devices I can still use WDS and it will connect using draft n in the 2.4G band.
    If one g device connects to the network will go in mixed mode.
    The AEBS will still report 130 Mbps for your n clients and 54 for your g clients.
    If the other router is g only obviously you can't connect between the two router at n mode but still the AEBS will be in mixed mode and not in g. The Extreme will still report 130 Mbps for the connected n clients.
    I can tell you that because I have actually implemented it am not taking off the documentation.
    The same device if I try to use the "extend n network" does not even see the AEBS but will happily keep the n in the WDS mode and though the bandwidth is halved it is still more than g.
    In any case enough for this!

  • Difference between SY-SUBRC EQ 0 and SY-SUBRC EQ ' 0 '

    Dear All,
    I am not from abap background.
    I have a simple question.
    what is the difference between sy-subrc eq 0 and sy-subrc eq '0'
    How does it impact a statement like this for example
    SELECT /BIC/ZAGENT /BIC/ZBATCH_MO /BIC/ZDOC_NUM /BIC/ZCUSTOMER
               /BIC/ZSTORE /BIC/ZLINE_NUM /BIC/ZMATERIAL /BIC/ZBARCODE
          FROM /BIC/AZO_AMVN100
          INTO CORRESPONDING FIELDS OF TABLE it_aquisition
          WHERE /BIC/ZAGENT EQ SOURCE_FIELDS-/BIC/ZAGENT
          AND /BIC/ZDOC_NUM EQ SOURCE_FIELDS-/BIC/ZDOC_NUM
          AND /BIC/ZOCFLAG = '1'.
        if sy-subrc EQ '0'.
          SELECT SINGLE /BIC/ZDOC_NUM FROM /BIC/AZO_PMVN300
            INTO v_docnum
            WHERE /BIC/ZDOC_NUM EQ SOURCE_FIELDS-/BIC/ZDOC_NUM
            AND /BIC/ZAGENT EQ SOURCE_FIELDS-/BIC/ZAGENT
    kindly help me with this.
    Pleae do a little more research before posting questions here...even if you are new to ABAP.
    Edited by: kishan P on Aug 24, 2010 10:00 AM

    Hi,
    Please refer [Wiki post|http://wiki.sdn.sap.com/wiki/display/ABAP/Sy-Subrc].
    hope it help you,
    regards,

  • Getting Big Headache, What is difference between Flash Lite 3.1 and Flash Player 7

    Hello, I am asking questions about the two similar yet different programs for Pocket PC version only:
    1) Which came first, Flash Lite 3.1 or Flash Player 7?
    2) If I have both in my Pocket PC, will there be product incompatibility?
    3) What is the difference between Flash Lite 3.1 and Flash Player 7.
    4) I have a Flash Lite 3.1 but uninstall information says "Flash Lite 3.1 for Opera Mobile", did you releaase this? Is this an illegal copy? A developer's copy?
    *I don't know exactly where I got it, but I got it from the HTC developer's forum: XDA-developers.com
    *I also use Opera mobile, a web browser for Pocket PC's.
    5) What is difference between Flash Lite 3.1 and Flash Lite 3.1 for Opera? Is the only difference is that Flash Lite Supports everything flash related, while Flash Lite Opera supports only flash in opera?
    Hi, I don't expect all answers, but I hope someone or someone from adobe support can clear some things up for me.

    The program under my "remove programs" list is specifically called "Adobe Flash Lite for Opera". The XDA forums people said along time ago that it was Flash Lite, and kept calling it Flash Lite, and not Flash Player 7.
    Now what about this:
    http://www.adobe.com/products/flashlite/version/
    The table shows the differences between FP 7 SDK, FL 2.1, and FL 3.1. And it's quite obvious that FL 3.1 has way more features than Flash Player 7. What does SDK mean? And why are you telling me FP 7 has more features?
    With this information, can you or anyone else provide any more details and clarification?

Maybe you are looking for