What is collective invoice in SAP FS-CD - Collections/Disbursements?

SAP Term: collective invoice

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: A special insurance invoice in collections/disbursements that can group items from different contracts, and these items can be on a user-defined number of different account-partner relationships.

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• Key Concepts: 
  A collective invoice is a type of invoice used in SAP’s Financial Services Collections and Disbursements (FS-CD) component. It is used to group multiple invoices into one single invoice, allowing for easier and more efficient processing. The collective invoice can be used to group invoices from different customers, or from the same customer but with different payment terms. 
  
  How to use it: 
  To create a collective invoice in SAP FS-CD, you must first create the individual invoices that you want to group together. Once the invoices have been created, you can then create the collective invoice. This is done by selecting the invoices that you want to group together and then selecting the “Create Collective Invoice” option. Once the collective invoice has been created, it can be processed like any other invoice. 
  
  Tips & Tricks: 
  When creating a collective invoice, it is important to make sure that all of the invoices that are being grouped together have the same payment terms. This will ensure that the collective invoice is processed correctly and efficiently. Additionally, it is important to make sure that all of the invoices are from the same customer or from customers with similar payment terms. 
  
  Related Information: 
  SAP FS-CD also offers other features such as automatic payment processing and direct debit processing. Additionally, SAP FS-CD can be integrated with other SAP components such as SAP ERP and SAP CRM for a more comprehensive financial management solution.