What is action record in SAP IS-U-BI - Contract Billing?

SAP Term: action record

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Record containing all data necessary for notifications to the municipality. The action record is generated for the water division and given to the municipality so that it can levy waste water fees.

Smart SAP Assistant

• Key Concepts: 
  An action record is a type of document in the IS-U-BI Contract Billing component of SAP. It is used to store information about a customer's contract and billing activities. It contains details such as the customer's name, address, contract type, billing period, and payment terms. It also stores information about any actions taken on the contract, such as changes in billing or payment terms. 
  
  How to use it: 
  Action records are created when a customer signs up for a contract with a company. The action record is then used to track all changes made to the contract and billing activities. This includes changes in payment terms, billing periods, and any other actions taken on the contract. The action record can also be used to generate reports on customer activity and billing information. 
  
  Tips & Tricks: 
  When creating an action record, it is important to ensure that all relevant information is included. This includes the customer's name, address, contract type, billing period, and payment terms. Additionally, it is important to keep track of any changes made to the contract or billing activities so that they can be easily accessed in the future. 
  
  Related Information: 
  The IS-U-BI Contract Billing component of SAP also includes other documents such as invoices and payment records. These documents can be used in conjunction with action records to provide a comprehensive view of customer activity and billing information. Additionally, action records can be used in conjunction with other SAP components such as Financial Accounting and Controlling to provide an even more detailed view of customer activity and billing information.