billing document

[Former Member]

Hi Guru please tell me the difference betwwen invoice and billing document

[Former Member]

Invoice is a type of Billing doument. So are Credit memo,Debit memo.

[former_member217082]

Hi

From SD point of view both look same but there is a small difference :

Invoice is a document which we bill to customer for the goods delivered

Billing is the terminology which consultants use as there are several billing types like F2,F1,F5,IV,G2,etc but invoice doesn't have any invoice types as billing have

so invoice is something which we send to customer

Billing is something which consultants use to discriminate the billing type ,

Reward if useful

Regards

Srinath

[Lakshmipathi]

Dear madhu reddy

From SD point of view, both are same. In SD terminology, we can call it as Billing document, whereas from FI terminology, they can call it as invoice. Also we can differentiate in a way that invoice is a document refer to delivery of goods whereas billing refers to payment from customer. From SD point of view, we can even call the proforma invoice as invoice, whereas, from FI point of view, it is not so.

thanks

G. Lakshmipathi