Invoice & Invoice LIST

[Former Member]

Hi experts,

What Is there a difference between Invoice & Invoice LIST?

thanks

Dan

[Former Member · Accepted solution]

hi

<b> Invoice List </b>

Purpose

The invoice list lets you create, at specified time intervals or on specific dates, a list of billing documents (invoices, credit and debit memos) to send to a particular payer.

The billing documents in the invoice list can be single or collective documents (collective invoices combine items from more than one delivery).

The standard version of the SAP R/3 System includes two types of invoice lists:

for invoices and debit memos

for credit memos

If you wish, you can process invoices, debit memos, and credit memos at the same time. The system automatically creates a separate invoice list for credit memos.

A payer may be the head office of a buying group, which pays all the invoices for goods that are shipped to individual members. The group payer takes responsibility for paying the invoice lists and then collecting payment from the individual members. In return for these services, the group payer usually earns a factoring or del credere discount.

Depending on the tax structure of the payer's country, the payer may be liable to pay taxes on factoring discounts that he earns. In Germany, for example, factoring discounts are taxed at the standard rate of 15%. During invoice list processing, you can reimburse the payer in advance for this tax liability by creating special condition records.

[b[INVOICE</b>

Invoice is an A sales and distribution document used to charge a customer for deliveryof goods or services.

Deliveries and services which are carried out on the basis of sales orders are invoiced to the customer. If no complaints are made about the delivery, the business transaction is considered complete from the sales point of view.

When you create an invoice, you can refer to an order, a delivery, individual order or delivery items, or even partial quantities within an order item or a delivery item.

If you want to make sure that the goods are sent out before the invoice is created, you would create an invoice on the basis of the delivery.

If you want to receive money before you send the goods to the customer, you would create an invoice with reference to a sales order.

When you bill a customer for a service, you would probably refer to the sales order, since a service is usually based on an order, not a delivery.

[Former Member]

hio

You need to invoice your customer using the VF01 function only. This is the invoice and it creates all accounting documents.

An invoice list is a summary of all invoices generated for that particular customer. Suppose in a month you have raised 10 invoices for a particular customer then if you run VF21, it will generate a invoice list which will list down all the 10 respective invoices and their amounts. Then it will show total of all 10 invoices which is due from customer. So, here SAP will not generate any accounting documents in system

[Former Member]

Hi

Invoice List is a list Of billing documents

u process this list on a particular day and for the total amount u give a factoring discount (RL00 )

u assign a Invoice list type toa Billing doc...and u maintain the date for invoice list processing in customer master ..billing document tab page

Invoice is a document that states the invoice recipient’s obligations to the vendor or service provider.

An invoice is normally created after the goods receipt or service performance has been confirmed. It includes general invoice information, such as total amount, total tax, freight costs, vendor and invoice recipient, and detailed information (header information, item information, and approval preview).

Regards

Ramesh