What is billable item class in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: billable item class

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Definition of the technical properties of a billable item.

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• Key Concepts: 
  Billable item classes are used in SAP FI-CA-INV Convergent Invoicing to group items that have similar characteristics. This allows for easier management of invoices and helps to ensure accuracy when creating and processing invoices. 
  
  How to use it: 
  In order to use billable item classes, you must first create them in the system. This can be done by navigating to the Billable Item Classes tab in the FI-CA-INV Convergent Invoicing application. Once created, you can assign items to the appropriate class and then use the class when creating invoices. 
  
  Tips & Tricks: 
  When creating billable item classes, it is important to consider how they will be used in the system. For example, if you are creating a class for items that are taxable, make sure that all items assigned to that class are indeed taxable. This will help ensure accuracy when creating and processing invoices. 
  
  Related Information: 
  For more information on billable item classes in SAP FI-CA-INV Convergent Invoicing, please refer to the official SAP documentation.