What is other credit in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: other credit

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Reason for a credit memo This setting is delivered as standard in S/4HANA Cloud.

Smart SAP Assistant

• Key Concepts: 
  Other credit is a feature of the FI-CA-INV Convergent Invoicing component of SAP. It allows users to apply credits from other invoices to a current invoice. This feature is useful for customers who have multiple invoices and need to apply credits from one invoice to another. 
  
  How to use it: 
  To use the other credit feature, users must first create an invoice with the desired amount. Then, they can select the “other credit” option from the menu and enter the amount of credit they wish to apply from another invoice. The system will then automatically apply the credit to the current invoice. 
  
  Tips & Tricks: 
  When using other credit, it is important to ensure that the amount of credit being applied is correct. If too much or too little credit is applied, it can lead to incorrect billing and incorrect payments. 
  
  Related Information: 
  The other credit feature is part of the FI-CA-INV Convergent Invoicing component of SAP. This component also includes features such as payment terms, payment methods, and payment plans. For more information on these features, please refer to the SAP documentation.