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

SAP Term: period control

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Customer-defined version of the base calculation procedure used to calculate the length of time portions billing-relevant periods. You specify the time control in the schema for each rate step in which a time-based calculation is performed.

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• Key Concepts: 
  Period control in SAP IS-U-BI Contract Billing is a feature that allows users to define the billing period for a contract. It enables users to set up billing cycles, such as monthly, quarterly, or annually, and to specify the start and end dates of each cycle. This feature also allows users to define the billing period for a contract in advance, so that the system can automatically generate invoices at the end of each period.
  
  How to use it: 
  To use period control in SAP IS-U-BI Contract Billing, users must first define the billing period for a contract. This can be done by selecting the “Period Control” option from the menu and entering the start and end dates of the billing cycle. Once this is done, users can then specify the frequency of the billing cycle (e.g. monthly, quarterly, etc.) and save their settings. The system will then automatically generate invoices at the end of each period according to the settings specified.
  
  Tips & Tricks: 
  When setting up period control in SAP IS-U-BI Contract Billing, it is important to ensure that all settings are correct before saving them. This will help to ensure that invoices are generated correctly and on time. Additionally, it is also important to keep track of any changes made to the settings as these may affect future invoices.
  
  Related Information: 
  For more information on period control in SAP IS-U-BI Contract Billing, please refer to SAP’s official documentation on the topic: https://help.sap.com/viewer/product/IS_U_BI/Contract_Billing/en-US