What is balance in SAP IS-CC - SAP Convergent Charging?

SAP Term: balance

• Component: IS-CC

• Component Name: SAP Convergent Charging

• Description: Convergent Charging An amount of money in an account which is debited or credited when a customer uses a service or makes a refill.

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• Key Concepts: 
  Balance is a term used in the IS-CC SAP Convergent Charging component to refer to the amount of money that is owed by a customer for services rendered. It is the difference between the total amount of money charged for services and the amount of money that has been paid. 
  
  How to use it: 
  The balance can be used to determine how much money a customer owes for services rendered. The balance can be viewed in the customer's account and can be adjusted as payments are made or services are added or removed. 
  
  Tips & Tricks: 
  It is important to keep track of the balance in order to ensure that customers are not overcharged or undercharged for services. It is also important to ensure that payments are applied correctly so that the balance is accurate. 
  
  Related Information: 
  The balance is related to other terms such as invoice, payment, and credit. It is also related to other components such as billing and invoicing.