What is rating package in SAP (FI-CA-INV - Convergent Invoicing)?

SAP Term: rating package

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Package of consumption items to be rated in the rating process

Smart SAP Assistant

• Key Concepts: 
  A rating package is a component of the FI-CA-INV Convergent Invoicing module in SAP. It is used to define the pricing and discounts for a customer’s invoices. The rating package contains information such as the customer’s payment terms, discounts, and taxes. It also includes the pricing rules that are used to calculate the total amount due for an invoice. 
  
  How to use it: 
  In order to use a rating package, you must first create one in the FI-CA-INV Convergent Invoicing module. You can do this by entering the customer’s payment terms, discounts, taxes, and pricing rules into the rating package. Once you have created the rating package, you can then assign it to an invoice. This will allow you to automatically calculate the total amount due for the invoice based on the information in the rating package. 
  
  Tips & Tricks: 
  When creating a rating package, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that your invoices are calculated correctly and that your customers are not overcharged or undercharged. Additionally, it is important to review your rating packages periodically to make sure that they are still valid and up-to-date. 
  
  Related Information: 
  For more information about rating packages in SAP FI-CA-INV Convergent Invoicing, please refer to SAP’s official documentation at https://help.sap.com/viewer/product/FI_CA_INV/latest/en-US/f9f8d7a2b3e14c8a9f3d7c6b2f5e4d1a.html