What is intercompany billing in SAP IS-U-BI - Contract Billing?

SAP Term: intercompany billing

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Billing procedure in which one utility company creates a single bill for the end customer, including services of several companies all having separate balance sheets. This one company also maintains joint contract accounts receivable and payable for the customer for all other companies. Contract accounts receivable and payable contain the information specific to company codes and transfer the data to separate general ledgers.

Smart SAP Assistant

• Key Concepts: 
  Intercompany billing is a process in SAP IS-U-BI Contract Billing that allows companies to bill each other for services or goods. It is used to create invoices for services or goods that have been exchanged between two companies. The invoices are then sent to the other company for payment. 
  
  How to use it: 
  In order to use intercompany billing, the two companies must first be set up as customers in SAP IS-U-BI Contract Billing. Once this is done, the user can create an intercompany billing document in the system. This document will contain all of the necessary information about the services or goods that were exchanged between the two companies. The user can then enter the invoice details and send it to the other company for payment. 
  
  Tips & Tricks: 
  When creating an intercompany billing document, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that the invoice is processed quickly and accurately by the other company. Additionally, it is important to keep track of all of the invoices that have been sent out so that any discrepancies can be addressed quickly. 
  
  Related Information: 
  For more information on intercompany billing in SAP IS-U-BI Contract Billing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP IS-U-BI Contract Billing.