What is usage period in SAP (FI-CA-INV - Convergent Invoicing)?

SAP Term: usage period

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Interface component used to specify the consumption period based on the date and time

Smart SAP Assistant

• Key Concepts: 
  Usage period is a term used in the FI-CA-INV Convergent Invoicing component of SAP. It is a period of time during which an invoice is valid and can be used for payment. The usage period is determined by the customer and can be set to any length of time, from one day to several years. 
  
  How to use it: 
  The usage period is set when an invoice is created in SAP. The customer can specify the length of the usage period, and this will be applied to all invoices created during that period. The usage period can be changed at any time, but it must be done manually. 
  
  Tips & Tricks: 
  It is important to keep track of the usage period for each invoice, as this will determine when payment must be made. If an invoice expires before payment is made, the customer may be charged a late fee or other penalty. 
  
  Related Information: 
  The usage period is related to other terms in SAP such as payment terms and due date. Payment terms are the conditions under which payment must be made, while due date is the date on which payment must be made in order to avoid late fees or other penalties.