What is base calculation procedure in SAP IS-U-BI - Contract Billing?

SAP Term: base calculation procedure

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: The basic procedure used by period control to calculate the length of time portions billing-relevant periods. The following base calculation procedures exist: Calculation to the day Month-based calculation using key date Month-based calculation using interval

Smart SAP Assistant

• Key Concepts: 
  Base Calculation Procedure is a feature of the IS-U-BI Contract Billing component of SAP. It is used to define the calculation logic for billing contracts. It allows users to define the rules and conditions for calculating billing amounts, such as discounts, taxes, and other fees. 
  
  How to use it: 
  To use the Base Calculation Procedure, users must first create a billing contract in the IS-U-BI Contract Billing component. Once the contract is created, users can then define the calculation logic for the contract by setting up a Base Calculation Procedure. This procedure can be used to define discounts, taxes, and other fees that will be applied when calculating the billing amount. 
  
  Tips & Tricks: 
  When setting up a Base Calculation Procedure, it is important to ensure that all of the necessary rules and conditions are included. This will ensure that all of the applicable discounts, taxes, and other fees are applied correctly when calculating the billing amount. Additionally, it is important to review the Base Calculation Procedure regularly to ensure that it is up-to-date with any changes in regulations or laws. 
  
  Related Information: 
  For more information on setting up a Base Calculation Procedure in SAP IS-U-BI Contract Billing, please refer to SAP Help documentation or contact your local SAP support team.