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

SAP Term: billing schema

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Structure that defines the order in which variant programs for rates to be billed must be executed.

Smart SAP Assistant

• Key Concepts: 
  A billing schema is a set of rules used to determine how a customer’s bill is calculated in the IS-U-BI Contract Billing component of SAP. It defines the conditions under which a customer’s bill is generated, such as the type of billing document, the frequency of billing, and the calculation of taxes. 
  
  How to use it: 
  The billing schema is used to define the conditions for generating a customer’s bill. This includes the type of billing document, the frequency of billing, and the calculation of taxes. The billing schema can be customized to meet specific customer requirements. 
  
  Tips & Tricks: 
  When creating a billing schema, it is important to consider all possible scenarios that could affect the customer’s bill. This includes any discounts or special offers that may be applicable. Additionally, it is important to ensure that all taxes are correctly calculated and applied. 
  
  Related Information: 
  For more information on how to create and manage billing schemas in SAP IS-U-BI Contract Billing, please refer to the official SAP documentation.