What is invoice in SAP FI - Financial Accounting?

SAP Term: invoice

• Component: FI

• Component Name: Financial Accounting

• Description: A message to the buyer of goods or services that contains, among other things, the following information: Name of the goods or services Quantity sent Remuneration due

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• Key Concepts: 
  An invoice is a document used in the FI Financial Accounting component of SAP to record a business transaction. It is used to record the sale of goods or services and includes information such as the date, customer name, item description, quantity, unit price, and total amount due. 
  
  How to use it: 
  In SAP, invoices are created in the Sales and Distribution (SD) module. The invoice is created based on the sales order and delivery document. Once the invoice is created, it can be printed or sent electronically to the customer. The customer then pays the invoice and the payment is recorded in SAP. 
  
  Tips & Tricks: 
  When creating an invoice in SAP, make sure to double-check all of the information before sending it out. This will help ensure that all of the details are correct and that the customer receives an accurate invoice. 
  
  Related Information: 
  Invoices are closely related to other documents such as sales orders, delivery documents, and payment documents. It is important to understand how these documents interact with each other in order to properly use SAP’s FI Financial Accounting component.