What is bill-to party in SAP AP - Application Platform?

SAP Term: bill-to party

• Component: AP

• Component Name: Application Platform

• Description: A party to which the invoice for goods or services is sent.

Smart SAP Assistant

• Key Concepts: 
  A bill-to party is a customer or vendor that is responsible for paying an invoice in the Accounts Payable (AP) Application Platform of SAP. It is the party that is billed for goods or services and is usually the same as the customer or vendor that was invoiced. 
  
  How to use it: 
  In SAP, a bill-to party can be set up in the customer master data or vendor master data. This information is then used to generate invoices and other documents related to the Accounts Payable process. The bill-to party can also be used to track payments and reconcile accounts. 
  
  Tips & Tricks: 
  When setting up a bill-to party in SAP, it is important to ensure that all of the necessary information is entered correctly. This includes the name, address, contact information, and payment terms. This will help ensure that invoices are sent to the correct party and payments are received on time. 
  
  Related Information: 
  The bill-to party is closely related to the ship-to party, which is the customer or vendor that receives goods or services from a supplier. The ship-to party can be different from the bill-to party, but both must be set up correctly in SAP for accurate invoicing and payment processing.