What is scheduled billing in SAP FS-AM - Account Management?

SAP Term: scheduled billing

• Component: FS-AM

• Component Name: Account Management

• Description: The billing of due, expected incoming payments that result from the payment plan. Opposite: unscheduled billing.

Smart SAP Assistant

• Key Concepts: 
  Scheduled billing is a feature of the FS-AM Account Management component of SAP. It allows users to set up a schedule for billing customers, which can be used to automate the process of generating invoices and sending them out. This helps to streamline the billing process and reduce manual effort. 
  
  How to use it: 
  To use scheduled billing, users must first set up a schedule for when invoices should be generated and sent out. This can be done by setting up a recurring schedule or by manually entering dates for when invoices should be generated. Once the schedule is set up, the system will automatically generate and send out invoices according to the schedule. 
  
  Tips & Tricks: 
  When setting up a schedule for scheduled billing, it is important to ensure that the dates are accurate and that the invoices are sent out on time. This will help to ensure that customers are billed correctly and on time. Additionally, it is important to keep track of any changes to the schedule so that invoices are sent out according to the updated schedule. 
  
  Related Information: 
  Scheduled billing is just one of many features available in the FS-AM Account Management component of SAP. Other features include customer account management, payment processing, and reporting. Additionally, there are other components of SAP that can be used to automate various aspects of the billing process, such as SAP Cash Management and SAP Credit Management.