What is billed and on time in SAP IS-AFS-ARUN-IMD - ARO on In-Memory Database?

SAP Term: billed and on time

• Component: IS-AFS-ARUN-IMD

• Component Name: ARO on In-Memory Database

• Description: A billed order that is delivered on time.

Smart SAP Assistant

• Key Concepts: 
  Billed and on time is a term used in the SAP IS-AFS-ARUN-IMD ARO on In-Memory Database component. It refers to the process of billing customers for goods or services that have been delivered on time. This process is important for businesses to ensure that they are able to collect payments from their customers in a timely manner. 
  
  How to use it: 
  In order to use the billed and on time process, businesses must first set up their billing system in SAP. This includes setting up customer accounts, creating invoices, and setting up payment terms. Once this is done, businesses can then use the billed and on time process to bill customers for goods or services that have been delivered on time. 
  
  Tips & Tricks: 
  When setting up the billed and on time process in SAP, it is important to ensure that all customer accounts are set up correctly. This includes making sure that all customer information is accurate and up-to-date. Additionally, businesses should also make sure that payment terms are clearly defined so that customers know when they are expected to pay for goods or services. 
  
  Related Information: 
  The billed and on time process is part of the SAP IS-AFS-ARUN-IMD ARO on In-Memory Database component. This component also includes other features such as invoice management, payment processing, and customer account management. Additionally, businesses can also use this component to track customer orders and manage inventory levels.