What is periodic billing in SAP (IS-U-BI - Contract Billing)?

SAP Term: periodic billing

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Consumption billing performed in regular intervals. The time sequence of this billing process is defined in scheduling. &EXAMPLE& Annual consumption billing Monthly billing Bimonthly billing

Smart SAP Assistant

• Key Concepts: 
  Periodic billing is a feature of the IS-U-BI Contract Billing component of SAP. It allows customers to be billed for services on a regular, periodic basis. This can be done either manually or automatically, depending on the customer's preferences. The billing period can be set to any length of time, such as monthly, quarterly, or annually. 
  
  How to use it: 
  To use periodic billing in SAP, first create a contract for the customer. Then, set up the billing period and frequency in the contract. Finally, create a billing plan that will generate invoices for the customer at regular intervals. 
  
  Tips & Tricks: 
  When setting up periodic billing in SAP, it is important to make sure that the billing period and frequency are set correctly. This will ensure that customers are billed accurately and on time. Additionally, it is important to keep track of any changes in the customer's preferences or usage patterns so that the billing plan can be adjusted accordingly. 
  
  Related Information: 
  For more information about periodic billing in SAP, please refer to the IS-U-BI Contract Billing documentation. Additionally, there are many online resources available that provide tutorials and tips for setting up and managing periodic billing in SAP.