Diffrence between the billing document and Invoice list

[Former Member]

Dear all,

I have that we create the billing document from vf01 but there is invoice list also which we can create from vf21,so i wanted to know that whats the diffrence btw the these both?

Thanks & Regards,

Mohsin

[Former Member · Accepted solution]

Dear Ayub,

Thanks for ur prompt response....Can u please explain it more clearly coz we can also collect the money from the billing document also...so whats the use of this one?

Can u please explain me with example...

Thanks & Regards,

Mohsin

[Former Member · Accepted solution]

Hi,

You need to invoice your customer using the VF01 function only. This is the invoice and it creates all accounting documents.

An invoice list is a summary of all invoices generated for that particular customer. Suppose in a month you have raised 10 invoices for a particular customer then if you run VF21, it will generate a invoice list which will list down all the 10 respective invoices and their amounts. Then it will show total of all 10 invoices which is due from customer. So, here SAP will not generate any accounting documents in system

Thanks

[Former Member]

Billing represents the final processing stage for a business transaction in Sales and Distribution. Information on billing is available at every stage of order processing and delivery processing.

This component includes the following functions:

Creation of:

Invoices based on deliveries or services

Issue credit and debit memos

Pro forma invoices

Cancel billing transactions

Comprehensive pricing functions

Issue rebates

Transfer billing data to Financial Accounting (FI)

The invoice list lets you create, at specified time intervals or on specific dates, a list of billing documents (invoices, credit and debit memos) to send to a particular payer.

The billing documents in the invoice list can be single or collective documents (collective invoices combine items from more than one delivery).

The standard version of the SAP R/3 System includes two types of invoice lists:

for invoices and debit memos

for credit memos

If you wish, you can process invoices, debit memos, and credit memos at the same time. The system automatically creates a separate invoice list for credit memos.

A payer may be the head office of a buying group, which pays all the invoices for goods that are shipped to individual members. The group payer takes responsibility for paying the invoice lists and then collecting payment from the individual members. In return for these services, the group payer usually earns a factoring or del credere discount.

Depending on the tax structure of the payer's country, the payer may be liable to pay taxes on factoring discounts that he earns. In Germany, for example, factoring discounts are taxed at the standard rate of 15%. During invoice list processing, you can reimburse the payer in advance for this tax liability by creating special condition records.

[Former Member]

Invoice List:

An invoice list is a list of invoices (single or collective) that you create for the customer either periodically or on predefined dates. The periods and dates are defined in the customer's factory calendar. Typically, the recipient of an invoice list takes on the responsibility for collecting payments from numerous individual customers and receives a factoring or del credere discount for the service.

Invoice:

It is a regular document that is used to bill the customer(billing document).A sales and distribution document used to charge a customer for delivery of goods or services.

regards

AK

reward points if helpful

[Former Member]

Thanks alot AKK its very clear now......

Thanks alot to all of the guy who have given me the answers.....

Thanks Again....

[Former Member]

What i understand is that we can combine the billing document in invoice list for one customer and send it to them.....

Is that right?

Please explain it.....I am not getting the exact logic on these both thing.....

Thanks & Regards,

Mohsin