Billing - Invoice

[rajendra_prasad17]

Hi all, I would like to know the difference in definitin and process of two terms Billing and Invoice in general sales process and in SAP...

Most of the time i have been confused with these two terms which are seems alike but difference in functionality...

thanks

Rajendra

[jignesh_mehta3]

Dear Rajendra,

Both BIlling & Invoice document mean the same thing.

It depends on the industru nomenclature. Some Industry call the document as Invoice & some Industries call it as Billing document.

Ultimately both remains one & the same thing. As per SAP terms & integration with other modules is concerend, Invoice is a better word to use..

Hope this helps...

Thanks,

Jignesh Mehta

Mumbai.

[Former Member]

Hello,

Both are one and the same. Normally in industies, we call he billing documents as Invoice. There is no need of much confusion, it is the same.

Prase

[Former Member]

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).

[from allinterviewquestions dot com]

[Former Member]

Both are same in SD point of view.

- In SD terminology we call as Billing Document and

- In FI terminology we call as INVOICE.

- In MM again only INVOICE will be there for Vendors.

Invoice is document indicating to delivery goods and Billing is a receipt of payment.

If we receive the goods from vendors that is called bill if we give the goods to customer that is called invoice.

Bill means we have to pay the amount against bill invoice means we have to receive the amount against invoice.

Invoice is for both : Vendor Invoice and Customer Invoice.

Billing Tcodes:

- VF01 create billing document. The delivery order comes up auto.

- VF02 the billing doc comes up auto . View the accounting enteries

Invoice Tcodes:

- FB60 Create invoice with respect to rawmaterial and tax.

- FB70 Invoice entries with respect to sales and tax