What is billed in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: billed

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Status of a billable item after a successful billing process.

Smart SAP Assistant

• Key Concepts: 
  Billed is a term used in the FI-CA-INV Convergent Invoicing component of SAP. It refers to the status of an invoice that has been sent to a customer and is awaiting payment. The billed status indicates that the invoice has been successfully sent to the customer and is ready for payment. 
  
  How to use it: 
  In order to use the billed status, you must first create an invoice in SAP. Once the invoice is created, you can then send it to the customer. Once the invoice is sent, it will be marked as billed in SAP. This indicates that the invoice has been successfully sent and is ready for payment. 
  
  Tips & Tricks: 
  It is important to keep track of invoices that are marked as billed in SAP. This will help you ensure that all invoices are paid on time and that customers are not overcharged for services or products. Additionally, it is important to monitor invoices that have been marked as billed in order to ensure that customers are not being charged for services or products they have not received. 
  
  Related Information: 
  The billed status is just one of many statuses used in SAP's FI-CA-INV Convergent Invoicing component. Other statuses include open, paid, and canceled. Additionally, there are other components of SAP such as FI-CA-AR Accounts Receivable and FI-CA-AP Accounts Payable which also use statuses such as billed, open, paid, and canceled.