What is retroactive billing in SAP (IS-AD - SAP for Aerospace & Defense)?

SAP Term: retroactive billing

• Component: IS-AD

• Component Name: SAP for Aerospace & Defense

• Description: Aerospace & Defence Industry Solution Rebilling for previous periods that have been re-evaluated on the basis of changes to surcharges, using rates that may be different to the originally-billed rates and surcharges.

Smart SAP Assistant

• Key Concepts: 
  Retroactive billing is a feature of the IS-AD SAP for Aerospace & Defense component that allows for the creation of invoices for services that have already been provided. This feature allows companies to bill customers for services that have already been completed, even if the invoice was not created at the time of service. 
  
  How to use it: 
  Retroactive billing can be used by creating an invoice for services that have already been provided. This can be done by entering the customer information, service details, and payment information into the system. Once all of the information is entered, the invoice can be generated and sent to the customer. 
  
  Tips & Tricks: 
  When using retroactive billing, it is important to ensure that all of the customer and service information is accurate. This will help to ensure that the customer receives an accurate invoice and that they are billed correctly. Additionally, it is important to keep track of all invoices that are created in order to ensure that all services are billed correctly. 
  
  Related Information: 
  Retroactive billing is a feature of many different SAP components, including IS-AD SAP for Aerospace & Defense. Other components may have different features or processes related to retroactive billing, so it is important to research each component before using it. Additionally, there may be other features related to retroactive billing such as payment processing or customer management tools.