Differnce between periodic and Resourse billing.

Differnce between periodic and Resourse billing, and how to do it in sap?..
Can anyone suggest me step wise
Thanks in advance

Periodic billing is used when you want to bill the customer at different points of time based on the periodicity or progress of the work. Milestone billing can be used for this type of billing purposes when you want to have billing control from the project.
Resource billing is based on the resource consumption for the particular activities. Dynamic Item Processor (DIP) profile is used for the resource related billing.
Further information acn be had from the link
[http://help.sap.com/saphelp_47x200/helpdata/en/aa/96853478616434e10000009b38f83b/frameset.htm]
Hope this is of some help
Venu

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