What is rate consumption item in SAP (FI-CA-INV - Convergent Invoicing)?

SAP Term: rate consumption item

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: To furnish a consumption item with an amount as part of a rating process.

Smart SAP Assistant

• Key Concepts: 
  Rate Consumption Item is a term used in the FI-CA-INV Convergent Invoicing component of SAP. It is a type of item that is used to represent the consumption of a rate, such as a rate for electricity or water. The rate consumption item is used to calculate the amount due for the consumption of the rate. 
  
  How to use it: 
  The rate consumption item is used to calculate the amount due for the consumption of a rate. The item can be configured with different parameters, such as the rate type, unit of measure, and quantity. The item can also be configured with different pricing rules, such as discounts or surcharges. Once configured, the item can be added to an invoice and the amount due will be calculated automatically. 
  
  Tips & Tricks: 
  When configuring a rate consumption item, it is important to ensure that all parameters are correctly set. This will ensure that the correct amount is calculated when the item is added to an invoice. Additionally, it is important to ensure that any pricing rules are correctly configured so that any discounts or surcharges are applied correctly. 
  
  Related Information: 
  For more information on rate consumption items in SAP FI-CA-INV Convergent Invoicing, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FI_CA_INV/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html