Answer / paul scholes

Milestone billing is nothing but ,the customer is billed
when a milestone is reached or achieved. Eg When you have
phases in projects you are billed according to the
completion of a phase.

Periodic billing is nothing but when billing happens at
regular time frames . Ex Billing done every month or on a
quaterly bases.

Answer / vikas sahore

Answer provided by Paul is right.
Bill plan is configured in SPRO. IMG...Sales and distribution...Billing....Billing Plan...
Bill plan is configured here and is assigned to Item Category.
While creating Sales Order there is Bill Plan tab at Line Item level.

Answer / goswami

Milestone billing means distributing the total amount to be billed over multiple billing

dates in the billing plan.
As each milestone is successfully reached, the customer is billed either a percentage of

the entire project cost or simply a pre-defined amount.

Periodic billing is used when you want to bill the customer at different points of time based on the periodicity or progress of the work

I have advance payment scenario where customer want advance payment cannot be used against another sales order and against any credit limit. Let me put one example. Customer X is having credit limit of 1000 USD, if my client is received customized product order then he will take advance for this special order but customer X is already enjoying credit limit of 1000 USD. In this scenario my client wants advance payment received cannot use against any sales order and against any credit limit. If I will post advance payment in F-29 then customer credit exposure will decrease against credit limit in FD32 which will affect normal sales order credit limit. Here customer does not want to utilize advance payment against credit limit of customer which is use for normal sales order. Please suggest

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