What is Manage Billing Plans in SAP FI-CA-FIO - Fiori UI for Contract Accounts Receivable and Payable?

SAP Term: Manage Billing Plans

• Component: FI-CA-FIO

• Component Name: Fiori UI for Contract Accounts Receivable and Payable

• Description: With this app you can create, change, or display billing plans, which enable you to schedule invoice amounts for regular payments and non-recurring payments. Billing plans in Convergent Invoicing define when and how often an amount is invoiced to a customer. Billing plan items contain one or more items, each with the amount due, billing cycle, and validity period.

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• Key Concepts: 
  Manage Billing Plans is a component of the FI-CA-FIO Fiori UI for Contract Accounts Receivable and Payable. It allows users to create, view, and manage billing plans for customers. This includes setting up payment terms, payment methods, and other details related to billing. 
  
  How to use it: 
  To use Manage Billing Plans, users must first create a billing plan in the system. This can be done by entering the customer’s information, payment terms, payment methods, and other details related to billing. Once the plan is created, users can view and manage it from the Manage Billing Plans page. 
  
  Tips & Tricks: 
  When creating a billing plan, it is important to ensure that all of the necessary information is entered correctly. This includes the customer’s information, payment terms, payment methods, and other details related to billing. Additionally, it is important to review the plan regularly to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  Manage Billing Plans is part of the FI-CA-FIO Fiori UI for Contract Accounts Receivable and Payable. Other components of this UI include Manage Contracts, Manage Payments, and Manage Disputes. Additionally, there are several other SAP tools that can be used in conjunction with Manage Billing Plans to manage customer accounts more effectively.