Answer / cspl

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 = Accounts Payable = Goods/Services Received from
Suppliers or Vendors
Invoicing = Accounts Receivable = Goods/Services Delivered
to Customers.

Answer / durga

Umbrella term for invoices, credit memos, debit memos, pro
forma invoices and cancellation documents.




like f1,f2,bv,f5,f8,iv,s1,s2,l2,g2 etc were billing doc types

where u create an invoice in vf01..

Hope my posting was clear , if not let me know for
clarification

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