What is budget billing amount in SAP CRM-LAM - CRM Leasing?

SAP Term: budget billing amount

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: Fixed partial payment on the expected bill, which is charged in advance. These payments are charged on budget billing amount due dates. For the leasing company, budget billing payments are down payments on the bill, which is charged later.

Smart SAP Assistant

• Key Concepts: 
  Budget billing amount is a feature of SAP CRM Leasing and Asset Management (CRM-LAM) that allows customers to set a fixed budget for their leasing payments. This feature allows customers to plan their payments in advance and helps them to manage their cash flow more effectively. 
  
  How to use it: 
  To use the budget billing amount feature, customers must first set up a budget for their leasing payments. This can be done by entering the desired budget amount into the system. Once the budget is set, the system will automatically calculate the monthly payments based on the budget amount. Customers can then make their payments according to the budget amount. 
  
  Tips & Tricks: 
  It is important to remember that the budget billing amount feature only applies to leasing payments. Other types of payments, such as interest or taxes, are not included in the budget billing amount calculation. Additionally, customers should be aware that if they make additional payments or if their leasing terms change, the budget billing amount may need to be adjusted accordingly. 
  
  Related Information: 
  For more information about SAP CRM Leasing and Asset Management (CRM-LAM), please visit the SAP website at https://www.sap.com/products/crm-lam.html. Additionally, customers can contact their local SAP representative for more information about budget billing amounts and other features of CRM-LAM.