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

SAP Term: invoicing type

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: An invoicing type groups similar billing statements invoices together. Insurance invoices of the same type match in terms of selection of posting data and their use of application forms.

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• Key Concepts: 
  Invoicing type is a component of the Financial Services Collection and Disbursement (FS-CD) module in SAP. It is used to define the type of invoices that can be created and processed in the system. The invoicing type determines the document type, payment terms, and other settings for the invoice.
  
  How to use it: 
  Invoicing type is used to define the characteristics of an invoice. It is used to set up the document type, payment terms, and other settings for the invoice. The invoicing type can be set up in the FS-CD module in SAP.
  
  Tips & Tricks: 
  When setting up an invoicing type, it is important to ensure that all of the necessary settings are configured correctly. This will ensure that all invoices created with this type are processed correctly.
  
  Related Information: 
  The FS-CD module in SAP also includes other components such as payment terms, payment methods, and payment blocks. These components are used to further define how invoices are processed in the system.