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Diff between billing and invoice

Dear All,

what is diff between billing and invoice?

From the help for cash order, it says that the invoice will print immediately after order created, the billing will be done seperately by transaction after delivery. Can anyone explain more detail.

regards

Gang

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  • Best Answer
    Posted on Sep 11, 2007 at 06:04 AM

    dear Gang,

    it may bit confuse but billing and invoice both are one but sounds different,

    in the system we are calling it as billing and the printed document will be called as invoice.

    in cash sales it is saying that invoice will print immediately ( means you will get the printed document immediately ) and billing will be done after the delivery in the system.

    rewards if it helps

    siva

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 10, 2007 at 06:13 PM

    Hi

    Billing is made our products to billing thsi will take to customer.brfor billing we have to supply our goods to customer.

    according to his conditions we will go our billing like different doc types we will prefer

    Invoice is billing type that is how to take billing happen to customer

    this is main defference between billing and customer

    Prem

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    • Former Member Former Member

      Hi wang

      In cash sales process , doc type is bv and the billing type is bv

      When you create a cash sales document, automatically delivery will happen because u mention shipping conditons as immed delivery in bv doc type config

      once you create the doc type, delivery happens automatically and you will do billing with the del doc no .System creates a cash sales invoice immediately using the output type rd02 assigned to the billing document and the cash sales account is updated

      Thanks & Regards

  • author's profile photo Former Member
    Former Member
    Posted on Sep 10, 2007 at 05:01 PM

    Billing document is a generic term for all the billing documents like Proforma Invoice (F5), Invoice (F2) , Intercompany billing invoice (IV) etc.

    Invoice is a document that is used to bill a customer.

    Order related billing (F1)

    Delivery related billing (F2).

    Regards

    AK

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  • Posted on Sep 11, 2007 at 04:51 AM

    Gang,

    Billing is a process while invoice is as outcome of this process. 😊

    Reward if you finds this clarification as Helpful...

    Regds

    MM

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 11, 2007 at 06:47 AM

    Hi,

    The difference between invoice and billing is:

    Invoice: It is a physical document which is given to the customer against the goods sold to him.

    Billing: This is a process which starts from the invoice creation and simultaneous posting of the receivables to appropriate accounts.

    In cash sale process we issue the print out of the cash sale order as a invoice to the customer and later on we do the billing process in the SAP system (for the posting of receivables)

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 11, 2007 at 07:04 AM

    hi

    =========================

    what is diff between billing and invoice?

    From the help for cash order, it says that the invoice will print immediately after order created, the billing will be done seperately by transaction after delivery. Can anyone explain more detail.

    =================

    based on ur query.. Billing and Invoice are one and the same.. the difference is that in general business terminology Billing means the process of crediting the customer to the certain sum of money either by cash or credit, for the goods or services purchased by him... this process consists of many other documents like credit note, debit note, invoice, etc.

    Invoice is the Printed format of the Bill ie, the sum of amount the customer is credited is made available in the printiable format....

    dont get confused by the Billing and Invoice words.. in simple way invoice is one of the documents generated during the billing process.. Billing is a process which consists of various different documents which are generated depending on the business requirements...

    Reward if USeful

    Thanx & regards.

    Naren..

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