What is billing period in SAP IS-U-BI - Contract Billing?

SAP Term: billing period

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: The actual length of time during which billing is performed. This period may deviate from the scheduled billing period due to a delayed meter reading. &EXAMPLE& The scheduled billing period is annual, from January 1, 1999 to December 31, 1999. The actual billing period is from January 1, 1999 to January 4, 2000 because the meter was only read on January 4, 2000.

Smart SAP Assistant

• Key Concepts: 
  Billing period is a term used in the IS-U-BI Contract Billing component of SAP. It is a period of time during which billing activities are performed. The billing period is determined by the customer's contract and can be set to any length of time, such as monthly, quarterly, or annually. 
  
  How to use it: 
  In order to use the billing period feature in SAP, you must first create a contract for the customer. Once the contract is created, you can set the billing period for that customer. This can be done by selecting the “Billing Period” tab in the contract and then selecting the desired length of time. 
  
  Tips & Tricks: 
  When setting up a billing period for a customer, it is important to make sure that the start and end dates are correct. This will ensure that all billing activities are performed correctly and on time. Additionally, it is important to keep track of when each billing period ends so that you can ensure that all invoices are sent out on time. 
  
  Related Information: 
  For more information about setting up billing periods in SAP, please refer to the official SAP documentation. Additionally, there are many online tutorials available that provide step-by-step instructions on how to set up billing periods in SAP.