What is collective bill in SAP FI-CA - Contract Accounts Receivable and Payable?

SAP Term: collective bill

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Statistical document that groups line items from different contract accounts in a third account the collective bill account - so that they can be processed together for example, payment, clearing, dunning.The collective bill account links all contract accounts whose postings are to be processed together at master data level.

Smart SAP Assistant

• Key Concepts: 
  A collective bill is a type of invoice used in SAP Contract Accounts Receivable and Payable (FI-CA). It is used to group multiple invoices into one document, allowing customers to pay for multiple invoices at once. This simplifies the payment process and reduces administrative costs.
  
  How to use it: 
  In SAP FI-CA, collective bills can be created manually or automatically. To create a collective bill manually, go to the Collective Billing tab in the Contract Accounts Receivable and Payable module. Select the invoices you want to include in the collective bill and click “Create Collective Bill”. To create an automatic collective bill, go to the Automatic Collective Billing tab and select the criteria for which invoices should be included in the collective bill.
  
  Tips & Tricks: 
  When creating a collective bill, make sure to check the payment terms of each invoice included in the collective bill. This will ensure that all invoices are paid on time and that customers are not charged late fees.
  
  Related Information: 
  For more information on collective bills in SAP FI-CA, please refer to the SAP Help Portal or contact your local SAP support team.