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

billing price - Overview

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Prices valuate measured quantities, demand values and flat rates. The result of this valuation is an amount that appears on a bill as a receivable or credit memo.

billing price - Details

• 
  Key Concepts: 
  Billing price is a term used in SAP IS-U-BI Contract Billing. It is the amount of money that a customer is charged for a service or product. The billing price is determined by the contract that the customer has with the company and can be based on a variety of factors such as usage, time, or quantity. 
  
  How to use it: 
  In SAP IS-U-BI Contract Billing, the billing price is set up in the contract master data. This data includes information such as the customer's name, address, and payment terms. Once this data is entered, the billing price can be calculated based on the contract terms. The billing price can then be used to generate invoices for customers. 
  
  Tips & Tricks: 
  When setting up billing prices in SAP IS-U-BI Contract Billing, it is important to ensure that all of the necessary information is entered correctly. This includes making sure that all of the customer's details are correct and that any discounts or special offers are applied correctly. Additionally, it is important to review the billing prices regularly to ensure that they are still accurate and up-to-date. 
  
  Related Information: 
  For more information about SAP IS-U-BI Contract Billing and how to set up billing prices, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks