difference between invoice and billing doc?
Answers were Sorted based on User's Feedback
Answer / swarup
Invoice is the document which you send to your customers for payment which includes
Type Of Material
Quantity
price etc
where as Billing document is a document which is prepared in system to Bill the customer for the materials delivered to customer.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / rajesh
Billing = Accounts Payable = Goods/Services Received from
Suppliers.
Invoicing = Accounts Receivable = Goods/Services Delivered
to Customers.
Given as SAP Contract Accounting permits a partner/entity
to be both, or to switch between being creditor and debtor,
bills and invoices may well apply to the same \"third
party\" entities at different times.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rizwan
Invoice is document indicating to delivery goods and Billing
is a receipt of payment.
| Is This Answer Correct ? | 1 Yes | 3 No |
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