What is Billing in Contract Accounts Receivable and Payable, 02A in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: Billing in Contract Accounts Receivable and Payable, 02A

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Business function of the Contract Accounts Receivable and Payable industry-specific component.

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• Key Concepts: 
  Billing in Contract Accounts Receivable and Payable (FI-CA-INV Convergent Invoicing) is a component of the SAP ERP system that allows companies to manage their accounts receivable and payable in a single system. It enables companies to create invoices, process payments, and manage customer accounts. The component also provides features such as automatic payment processing, credit management, and dispute resolution.
  
  How to use it: 
  To use the Billing in Contract Accounts Receivable and Payable component, companies must first set up their customer accounts in the system. This includes entering customer information such as contact details, payment terms, and credit limits. Once the customer accounts are set up, companies can create invoices for customers and process payments. The component also provides features such as automatic payment processing, credit management, and dispute resolution.
  
  Tips & Tricks: 
  When setting up customer accounts in the Billing in Contract Accounts Receivable and Payable component, it is important to ensure that all customer information is accurate and up-to-date. This will help ensure that invoices are sent out correctly and payments are processed accurately. Additionally, it is important to regularly review customer accounts to ensure that credit limits are not exceeded and that any disputes are resolved quickly.
  
  Related Information: 
  For more information on the Billing in Contract Accounts Receivable and Payable component of SAP ERP, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FI_CA_INV_CONVERGENT_INVOICING/latest/en-US.