What is billing category in SAP PPM-CLD-RES - Resource Management?

SAP Term: billing category

• Component: PPM-CLD-RES

• Component Name: Resource Management

• Description: An indicator of whether a demand can be billed to the customer.

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• Key Concepts: 
  Billing category is a feature of the SAP Resource Management component that allows users to assign a billing rate to a resource. This rate is used to calculate the cost of the resource when it is used in a project. The billing category can be used to differentiate between different types of resources, such as internal and external resources, or different levels of expertise. 
  
  How to use it: 
  In order to use the billing category feature, users must first create a billing category in the Resource Management component. This can be done by navigating to the “Billing Categories” tab in the Resource Management component and clicking “Create”. From there, users can enter the name of the billing category and assign a rate to it. Once this is done, users can assign this billing category to any resource they wish. 
  
  Tips & Tricks: 
  When creating a billing category, it is important to make sure that the rate assigned is accurate and up-to-date. This will ensure that the cost of resources is accurately calculated when they are used in projects. Additionally, it is important to make sure that all resources have a billing category assigned to them, as this will ensure that their cost is accurately calculated. 
  
  Related Information: 
  For more information on how to use the billing category feature in SAP Resource Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PPM_CLD_RES/7.5/en-US/f9f8d3a2b6c14e8a9f3d7c2b1e4d7f2a.html