Billing types

[Former Member]

Hi,

1. In Billing type settings we r having the Reference number and allocation number?

2. What is the functionality or the significance of Credit memo with value date present in Billing type controls?

Regards,

Kedar

[Former Member · Accepted solution]

Hi Kedar,

1) Ref No & allocation No:

Ref no is Header of accounting document and is used for clearing.

Allocation No is in the customer line item and is used for sorting line items.

Value Date:

In earlier versions of SAP when creating Credit memo reaquest with ref to billing document, the billing date (=base line date for payment) for the 2 billing documents were different. this was difficult to recocile receivable & payables.

After release 4.0 of SAP, the period fr billing doc baseline payment date can be used as the basis fr value dating of credit memo.

Revert back fr clarifications.

Reward if it helps

Regards

Srini