What is 'discount on billable items' in SAP FI-CA - Contract Accounts Receivable and Payable?

discount on billable items - Overview

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: A discount that the system calculates on the basis of billable items.

discount on billable items - Details

• 
  Key Concepts: 
  Discount on billable items is a feature of the FI-CA Contract Accounts Receivable and Payable component of SAP. This feature allows customers to receive discounts on billable items when they pay their invoices within a certain period of time. The discount is calculated based on the payment terms set up in the system.
  
  How to use it: 
  To use this feature, you must first set up payment terms in the system. This includes setting up the discount percentage, the payment period, and any other conditions that must be met for the discount to be applied. Once these payment terms are set up, they will be applied to all invoices created in the system. When customers make payments within the specified period, they will receive the discount.
  
  Tips & Tricks: 
  It is important to ensure that your payment terms are set up correctly in order for customers to receive their discounts. Additionally, it is important to communicate these payment terms clearly to customers so that they know when they can expect to receive their discounts.
  
  Related Information: 
  For more information about setting up payment terms in SAP FI-CA Contract Accounts Receivable and Payable, please refer to SAP Help documentation.