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

SAP Term: period-end billing schema

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Schema containing the steps required for period-end billing.

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• Key Concepts: 
  Period-end billing schema is a component of the IS-U-BI Contract Billing module in SAP. It is used to define the rules and parameters for period-end billing processes. This includes setting up the billing cycle, determining the billing date, and defining the criteria for generating invoices. 
  
  How to use it: 
  The period-end billing schema is used to define the rules and parameters for period-end billing processes. This includes setting up the billing cycle, determining the billing date, and defining the criteria for generating invoices. The schema can be configured to meet specific customer requirements and can be used to generate invoices for multiple customers at once. 
  
  Tips & Tricks: 
  When configuring a period-end billing schema, it is important to consider the customer’s needs and preferences. For example, if a customer prefers to receive invoices on a certain day of the month, this should be taken into account when setting up the billing cycle. Additionally, it is important to ensure that all necessary information is included in the invoice, such as taxes and discounts. 
  
  Related Information: 
  For more information on period-end billing schema in SAP IS-U-BI Contract Billing, please refer to SAP Help documentation or contact your local SAP support team.