What is offsetting in invoicing in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: offsetting in invoicing

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Offsetting of amounts preselected for specific purposes for the contract account to the invoice receivable of this contract account, with the aim of reducing the receivable or fully clearing the receivable.

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• Key Concepts: 
  Offsetting in invoicing is a process in SAP FI-CA-INV Convergent Invoicing that allows for the automatic reconciliation of invoices and payments. This process is used to reduce the amount of manual work required to reconcile invoices and payments, as well as to reduce the amount of time it takes to complete the reconciliation process. 
  
  How to use it: 
  Offsetting in invoicing is used when a customer has made a payment for an invoice that has already been issued. The system will automatically recognize the payment and offset it against the invoice, reducing the amount due on the invoice. This process can be used for both manual and automated payments. 
  
  Tips & Tricks: 
  When using offsetting in invoicing, it is important to ensure that all payments are correctly recorded in the system. This will ensure that all payments are correctly offset against the corresponding invoices, reducing the amount of manual work required to reconcile invoices and payments. 
  
  Related Information: 
  Offsetting in invoicing is part of SAP FI-CA-INV Convergent Invoicing, which is a suite of tools designed to help businesses manage their invoicing processes more efficiently. Other features of this suite include automated invoice generation, automated payment processing, and automated reconciliation.