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

SAP Term: billable item type

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Definition of the business meaning of a billable item.

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• Key Concepts: 
  Billable item type is a feature of the FI-CA-INV Convergent Invoicing component of SAP. It is used to define the characteristics of a billable item, such as its type, description, and pricing. This information is then used to generate invoices for customers. 
  
  How to use it: 
  To use billable item type, first create a new item type in the FI-CA-INV Convergent Invoicing component. Enter the necessary information such as the type, description, and pricing. Once saved, this item type can be used to generate invoices for customers. 
  
  Tips & Tricks: 
  When creating a new billable item type, make sure to enter all necessary information accurately. This will ensure that invoices generated using this item type are accurate and up-to-date. 
  
  Related Information: 
  For more information on how to use billable item type in SAP FI-CA-INV Convergent Invoicing, please refer to the official SAP documentation.