What is time portion in SAP IS-U-BI - Contract Billing?

SAP Term: time portion

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Length of a billing-relevant period that is determined in period control. The time portion is relevant for billing in the following cases: For values that are valuated with time-based prices For values that are defined based on time and that are adjusted to the billing period For prices for which the blocks/scales must be adjusted to their time slices

Smart SAP Assistant

• Key Concepts: 
  Time portion is a component of the IS-U-BI Contract Billing module in SAP. It is used to define the time period for which a contract is valid. This time period can be defined in terms of days, weeks, months, or years. The time portion also allows for the creation of multiple contracts with different time periods. 
  
  How to use it: 
  The time portion component of IS-U-BI Contract Billing can be used to create contracts with different time periods. To do this, the user must first define the start and end dates for the contract. Then, they must select the type of time period (days, weeks, months, or years) and enter the number of days, weeks, months, or years that the contract will be valid for. 
  
  Tips & Tricks: 
  When creating a contract with a time portion component, it is important to make sure that the start and end dates are accurate. This will ensure that the contract is valid for the correct amount of time. Additionally, it is important to double check that the type of time period (days, weeks, months, or years) and the number of days, weeks, months, or years entered are correct. 
  
  Related Information: 
  For more information on using the time portion component of IS-U-BI Contract Billing in SAP, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.