What is surcharge in SAP IS-U-BI - Contract Billing?

SAP Term: surcharge

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Amount established in the contract or rate that is included in the customer's bill amount. Surcharges do not refer to amounts that a utility company collects only for forwarding to another entity, such as taxes and duties.

Smart SAP Assistant

• Key Concepts: 
  Surcharge is a feature in the IS-U-BI Contract Billing component of SAP that allows users to add additional charges to a customer’s bill. This can be used to charge for services that are not included in the customer’s contract, such as late fees or additional services. 
  
  How to use it: 
  To use the surcharge feature, users must first create a surcharge type in the system. This can be done by entering the surcharge name, description, and other relevant information. Once the surcharge type is created, users can then assign it to a customer’s contract. When the customer’s bill is generated, the surcharge will be added automatically. 
  
  Tips & Tricks: 
  When creating a surcharge type, it is important to make sure that all relevant information is entered correctly. This will ensure that the surcharge is applied correctly when the customer’s bill is generated. Additionally, it is important to make sure that the surcharge type is assigned to the correct customer contract. 
  
  Related Information: 
  For more information on how to use the surcharge feature in IS-U-BI Contract Billing, please refer to SAP Help documentation.