What is portion in SAP IS-U-BF-PS - Portioning and scheduling?

SAP Term: portion

• Component: IS-U-BF-PS

• Component Name: Portioning and scheduling

• Description: Group of contracts that are to be billed together.

Smart SAP Assistant

• Key Concepts: 
  Portioning is a process in SAP IS-U-BF-PS (Billing and Financial Posting) that divides a large bill into smaller, more manageable parts. It is used to make payments easier for customers and to reduce the amount of time it takes to process a bill. Portioning can be done manually or automatically, depending on the customer's preferences. 
  
  How to use it: 
  In SAP IS-U-BF-PS, portioning is done by creating a portioning plan. This plan defines the number of portions, the amount of each portion, and the payment due date for each portion. Once the plan is created, it can be used to generate invoices for each portion. The invoices can then be sent to customers for payment. 
  
  Tips & Tricks: 
  When creating a portioning plan, it is important to consider the customer's payment preferences. For example, if a customer prefers to pay in installments, then the plan should include multiple portions with different due dates. Additionally, it is important to ensure that the total amount of all portions adds up to the total bill amount. 
  
  Related Information: 
  For more information about SAP IS-U-BF-PS Portioning and Scheduling, please refer to the SAP Help Portal (https://help.sap.com/viewer/product/IS_U_BF_PS/). Additionally, there are several online tutorials available that provide step-by-step instructions on how to use this feature in SAP IS-U-BF-PS.