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difference between invoice and billing doc?

Answer Posted / 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.

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