What is 'billing date' in SAP CRM-BE - Billing?

billing date - Overview

• Component: CRM-BE

• Component Name: Billing

• Description: The reference date of a billing document for accounting purposes, such as calculating payment periods and validity periods for payment terms.

billing date - Details

• 
  Key Concepts: 
  The billing date is a field in the CRM-BE Billing component of SAP that indicates the date on which a customer's invoice is due. It is used to track when payments are due and to ensure that customers are billed on time. 
  
  How to use it: 
  The billing date can be set manually or automatically. To set it manually, go to the CRM-BE Billing component and select the customer's invoice. Then, enter the desired billing date in the field provided. To set it automatically, go to the CRM-BE Billing component and select the customer's invoice. Then, select the “Automatic” option from the drop-down menu and enter the desired date range. 
  
  Tips & Tricks: 
  It is important to keep track of billing dates in order to ensure that customers are billed on time. To make this easier, you can set up an automated reminder system that will send out notifications when a customer's invoice is due. 
  
  Related Information: 
  For more information about billing dates in SAP, please refer to the official SAP documentation.