What is 'usage type' in SAP IS-U-BI - Contract Billing?

usage type - Overview

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Key for the rate time zone to which a register is allocated with respect to installation and billing.

usage type - Details

• 
  Key Concepts: 
  Usage type is a feature of the IS-U-BI Contract Billing component of SAP. It is used to define the type of usage that is being billed for a contract. This can include electricity, gas, water, and other utilities. Usage types are used to differentiate between different types of usage and to ensure that the correct billing rate is applied. 
  
  How to use it: 
  Usage types are created in the IS-U-BI Contract Billing component of SAP. They can be assigned to contracts and used to differentiate between different types of usage. The usage type will determine the billing rate that is applied to the contract. 
  
  Tips & Tricks: 
  When creating usage types, it is important to ensure that they are clearly defined and easy to understand. This will help ensure that the correct billing rate is applied to each contract. 
  
  Related Information: 
  For more information on usage types in SAP IS-U-BI Contract Billing, please refer to the official SAP documentation.