Invoicing Plan - In Advance Indicator

[Former Member]

Hi SAP Gurus!

I would like to know how the 'In advance' indicator works in the invoicing plan.

One of the client's requirements is to create invoices a month advance with the use of invoicing plan. I was thinking of using Automatic Invoice Settlement to help them out with this as well? Using the 'In advance' indicator, can you automatically create invoices in advance using MRIS?

Also, what if for some instances, we would want MRIS to create invoices for both past due and in the future, is this possible as well?

Thanks in advance!

[Former Member]

Hi,

The 'In Advance' indiactor is used if you want to create the Invoice in advance for the billing.

For Eg: If you are paying monthly rental for a house in advance for the following month, i.e. Rent for July is paid on 1st of July, then you can use this Indicator so that the Invoice will be generated on the first of the month.