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Periodic billing & Milestone billing are the billing plans used in Std SAP for billing process. Periodic Billing - This billing plan is used in the scenarios like... rental agreements, cycle billing, etc....
Milestone BillingDefine Billing Plan Type.Define Date Descriptions.Maintain Date Category for Billing Plan Type.Allocate date category.Maintain Date Proposals For Billing Plan Types.Assign Billing Plan Types To Sales Document Types.Assign Billing Plan Types To Item Categories.Define Milestone Usage.
In SAP SD a billing plan is a schedule of individual billing dates for a single item in a sales document. You can define a billing plan at header level, which is then valid for all items assigned to it.
Creating a Service ContractIn the Sales menu choose Contract Create .Enter the contract type (WV for a maintenance contract, MV for a rental contract) and, if necessary, the organizational data.Choose Enter.Enter the following data as required:Choose Enter.More items...