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Difference between INVOICE and BILLING in SAP. Both are same in SD point of view. Billing - In SD terminology we call as Billing Document
Invoice - In FI terminology we call as INVOICE. - In MM again only INVOICE will be there for Vendors.
- Billing is a receipt of payment.
- Invoice is document indicating to delivery goods
- 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 T.codes: - VF01 create billing document. The delivery order comes up auto.
Invoice T.codes: - FB60 Create invoice with respect to rawmaterial and tax.
- VF02 the billing doc comes up auto . View the accounting enteries
- FB70 Invoice entries with respect to sales and tax