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Difference Between INVOICE and BILLING in SAP

While billing and invoices are the same in SAP's sales and distribution module, they have different meanings in the materials management and financial accounting modules. Billing refers to receiving payment from customers for delivered goods, while an invoice indicates goods were delivered to a customer and payment is due or goods were received from a vendor requiring payment. Key transaction codes for billing are VF01 and VF02, while FB60 and FB70 are used for invoices concerning sales, purchases, and taxes.

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3K views2 pages

Difference Between INVOICE and BILLING in SAP

While billing and invoices are the same in SAP's sales and distribution module, they have different meanings in the materials management and financial accounting modules. Billing refers to receiving payment from customers for delivered goods, while an invoice indicates goods were delivered to a customer and payment is due or goods were received from a vendor requiring payment. Key transaction codes for billing are VF01 and VF02, while FB60 and FB70 are used for invoices concerning sales, purchases, and taxes.

Uploaded by

firdousekhan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Difference between INVOICE and BILLING in SAP.

Both are same in SD point of view.

Billing Invoice

- In SD terminology we call as - In FI terminology we call as


Billing Document 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 - if we give the goods to customer
vendors that is called bill that is called invoice.
- Bill means we have to pay the - invoice means we have to receive
amount against bill the amount against invoice.

- Invoice is for both : Vendor Invoice


and Customer Invoice.

Billing T.codes: Invoice T.codes:


- VF01 create billing document. The - FB60 Create invoice with respect to
delivery order comes up auto. rawmaterial and tax.

- VF02 the billing doc comes up auto . - FB70 Invoice entries with respect to
View the accounting enteries sales and tax

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