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

SAP Term: time slice

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: A period of time during which a specific object remains unchanged.

Smart SAP Assistant

• Key Concepts: 
  Time slice is a feature of the IS-U-BI Contract Billing component of SAP. It allows users to divide their billing period into smaller, more manageable chunks. This allows for more accurate billing and better control over the billing process. 
  
  How to use it: 
  Time slice can be used to divide a billing period into smaller chunks. This can be done by setting up a time slice profile in the IS-U-BI Contract Billing component. The profile will define the length of each time slice and how often they should be created. Once the profile is set up, the system will automatically create time slices based on the profile. 
  
  Tips & Tricks: 
  When setting up a time slice profile, it is important to consider the length of each time slice and how often they should be created. It is also important to consider how the time slices will affect billing accuracy and control. 
  
  Related Information: 
  For more information on time slice and how to use it in IS-U-BI Contract Billing, please refer to SAP's official documentation.