What is 'bill-from party' in SAP AP - Application Platform?

bill-from party - Overview

• Component: AP

• Component Name: Application Platform

• Description: A party that issues an invoice for goods or services provided.

bill-from party - Details

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  Key Concepts: 
  The bill-from party is a term used in the Accounts Payable (AP) Application Platform of SAP. It is a vendor or supplier who is responsible for sending an invoice to the company for payment. The bill-from party is also known as the invoicing party. 
  
  How to use it: 
  In SAP, the bill-from party is used to identify the vendor or supplier who is responsible for sending an invoice to the company. This information is used to ensure that the invoice is sent to the correct address and that payment is made in a timely manner. The bill-from party can be entered into SAP manually or imported from an external system. 
  
  Tips & Tricks: 
  When entering a bill-from party into SAP, it is important to ensure that all of the information is accurate and up-to-date. This will help to ensure that invoices are sent to the correct address and that payments are made in a timely manner. 
  
  Related Information: 
  The bill-from party is related to other terms in SAP such as the bill-to party, which is the company responsible for paying the invoice, and the payee, which is the person or entity receiving payment from the company. It is also related to other terms such as invoice processing and payment processing.