What is invoicing party in SAP AP-BP - FDN-Business Partner Data Management?

SAP Term: invoicing party

• Component: AP-BP

• Component Name: FDN-Business Partner Data Management

• Description: A business partner issuing an invoice.

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• Key Concepts: 
  Invoicing party is a term used in SAP to refer to the entity responsible for issuing invoices. This could be a customer, vendor, or other third-party. The invoicing party is stored in the Business Partner Data Management component of SAP. 
  
  How to use it: 
  Invoicing party information can be used to create and manage invoices in SAP. To do this, the invoicing party must first be entered into the Business Partner Data Management component. Once the information is entered, it can be used to create and manage invoices. 
  
  Tips & Tricks: 
  When entering invoicing party information into SAP, make sure to double-check all of the details to ensure accuracy. This will help ensure that invoices are created and managed correctly. 
  
  Related Information: 
  Invoicing party information is closely related to other components of SAP such as Accounts Payable and Accounts Receivable. It is important to understand how these components interact with each other in order to effectively manage invoices in SAP.