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

SAP Term: billing plan item type

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Mandatory attribute of a billing plan item Together with the billing plan type, the billing plan item type controls processing when requesting billing plan items. The item type specifies, among other things, whether the billing plan item is a one-off or is recurring.

Smart SAP Assistant

• Key Concepts: 
  Billing plan item type is a component of the FI-CA-INV Convergent Invoicing module in SAP. It is used to define the characteristics of a billing plan item, such as the type of item, the frequency of billing, and the payment terms. The billing plan item type also determines how the billing plan items are processed in the system. 
  
  How to use it: 
  The billing plan item type is used to define the characteristics of a billing plan item. This includes the type of item, the frequency of billing, and the payment terms. The billing plan item type also determines how the billing plan items are processed in the system. To create a new billing plan item type, go to SPRO > Financial Accounting > Contract Accounts Receivable and Payable > Business Transactions > Billing Plan Item Types > Define Billing Plan Item Types. 
  
  Tips & Tricks: 
  When creating a new billing plan item type, make sure to select the appropriate payment terms and frequency of billing. This will ensure that all billing plans are processed correctly in the system. Additionally, it is important to keep track of all existing billing plan item types in order to avoid duplicate entries. 
  
  Related Information: 
  For more information on FI-CA-INV Convergent Invoicing, please refer to SAP Help Portal (https://help.sap.com/viewer/product/FI_CA_INV/). Additionally, you can find more information on creating and managing billing plans in SAP Help Portal (https://help.sap.com/viewer/product/FI_CA_INV/).