What is invoicing in SAP FS-CD - Collections/Disbursements?

SAP Term: invoicing

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Old term in German no longer used in IS-IS-CD. New term in German: Fakturierung Function by which the accumulated posting data in a contract account is prepared for the information of a business partner. The result of invoicing is billing information stored in Contract Accounts Receivable and Payable and in invoicing documents sent to a business partner such as an account statement or a payment form.

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• Key Concepts: 
  Invoicing is a component of the Financial Services Collection and Disbursement (FS-CD) module in SAP. It is used to manage the process of creating, sending, and receiving invoices. It also provides tools for tracking payments and managing customer accounts.
  
  How to use it: 
  Invoicing in SAP FS-CD can be used to create invoices for customers, send them out, and track payments. It also allows users to manage customer accounts, set up payment plans, and track overdue payments.
  
  Tips & Tricks: 
  When creating an invoice in SAP FS-CD, make sure to include all relevant information such as the customer’s name, address, and contact information. This will help ensure that the invoice is sent to the correct person and that payments are received on time.
  
  Related Information: 
  Invoicing is just one component of the Financial Services Collection and Disbursement (FS-CD) module in SAP. Other components include Accounts Receivable, Accounts Payable, Cash Management, and Bank Reconciliation.