What is rental price in SAP IS-U-BI - Contract Billing?

SAP Term: rental price

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Price for supplying the customer with a measuring device such as a meter for a certain period of time. For the electricity division, the rental price also includes the charges for meter reading, settlement and collection.

Smart SAP Assistant

• Key Concepts: 
  Rental price is a term used in the SAP IS-U-BI Contract Billing component. It is the amount of money that a customer pays for the use of a product or service over a certain period of time. This amount is usually determined by the contract between the customer and the provider. 
  
  How to use it: 
  In SAP IS-U-BI Contract Billing, rental prices are set up in the system and can be adjusted as needed. The rental price is used to calculate the total cost of a contract, which is then billed to the customer. The rental price can also be used to determine discounts or other incentives that may be offered to customers. 
  
  Tips & Tricks: 
  When setting up rental prices in SAP IS-U-BI Contract Billing, it is important to consider factors such as market conditions, customer preferences, and other factors that may affect the price. It is also important to ensure that the rental price is competitive and fair for both parties involved. 
  
  Related Information: 
  For more information on setting up rental prices in SAP IS-U-BI Contract Billing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for setting up rental prices in SAP IS-U-BI Contract Billing.