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

SAP Term: billing variant

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Variants are small independent programs that carry out elementary arithmetical steps during billing. Many variants valuate billing-relevant values and thereby generate billing line items. Other variants convert values and provide the resulting variants. Variants usually have input and output operands that symbolize the parameters included in the variant.

Smart SAP Assistant

• Key Concepts: 
  A billing variant 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 criteria for calculating the amount due, such as the rate, discounts, taxes, and other charges. It also determines when and how often bills are generated. 
  
  How to use it: 
  The billing variant is used to define the criteria for calculating a customer’s bill. This includes setting the rate, discounts, taxes, and other charges that will be applied to the bill. It also determines when and how often bills are generated. The billing variant can be customized to meet the specific needs of each customer. 
  
  Tips & Tricks: 
  When creating a billing variant, it is important to consider all of the factors that will affect the customer’s bill. This includes any discounts or taxes that may apply, as well as any other charges that may be added. It is also important to consider when and how often bills should be generated in order to ensure that customers are billed accurately and on time. 
  
  Related Information: 
  For more information on billing variants in SAP IS-U-BI Contract Billing, please refer to the SAP Help documentation at https://help.sap.com/viewer/product/IS_U_BI/latest/en-US/f8d7f9a3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8b3c2b14e6f9a7d8bb/.