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Former Member

BIlling procedures

Hi experts,

Can anybody explain me with example what the diference is between Billing procedure and Budget billing procedure in IS-U ?

I have read lot on the forum and on the net but IT's not really clear for me.

Thanks in advance,

Thierno

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1 Answer

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    Former Member
    Apr 19, 2012 at 09:01 AM

    Hi,

    I will try to explain in short and simple.

    Billing procedure means billing a customer based on his consumption based on the billing term like monthly, quarterly , six monthly or annually. The taxes are added in the invoice.

    Budget billing gives an facility to the business partner to pay the bills in installments.

    Like a budget billing plan can have 12 terms for 12 months, or 4 terms for every quarter, the business partner pays as per this term and at the end of year there will be a final bill, in which plus/minus of payments are considered.

    I hope this will help you to understand the concept.

    Regards

    Sachin

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