What is billing plan in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: billing plan

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Definition of a schedule or individual dates for creating billable items for billing. The billable items can be charges, credits, or down payment requests. Billing plans can be assigned to various master data objects.

Smart SAP Assistant

• Key Concepts: 
  A billing plan is a tool used in SAP FI-CA-INV Convergent Invoicing to define the conditions for invoicing customers. It includes information such as the frequency of invoicing, payment terms, and discounts. The billing plan also determines the type of invoice that will be generated. 
  
  How to use it: 
  To use a billing plan, you must first create it in the system. This can be done by entering the relevant information into the billing plan template. Once the billing plan is created, it can be assigned to customers or customer groups. This will ensure that all invoices generated for these customers or customer groups will follow the conditions specified in the billing plan. 
  
  Tips & Tricks: 
  When creating a billing plan, make sure to include all relevant information such as payment terms and discounts. This will ensure that all invoices generated for customers or customer groups assigned to this billing plan will follow the conditions specified in the billing plan. 
  
  Related Information: 
  For more information on SAP FI-CA-INV Convergent Invoicing, please refer to the official SAP documentation.