What is billing date in SAP SD - Sales and Distribution?

SAP Term: billing date

• Component: SD

• Component Name: Sales and Distribution

• Description: On the vendor side, the date on which billing is carried out and posted to financial accounting.

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• Key Concepts: 
  Billing date is a term used in SAP Sales and Distribution (SD) to refer to the date on which an invoice is issued. It is the date that appears on the invoice and is used to determine when payment is due. The billing date can be set manually or automatically based on the customer's payment terms. 
  
  How to use it: 
  In SAP SD, the billing date can be set manually or automatically. To set it manually, go to the Sales Order screen and select the “Billing Date” field. Enter the desired date and save the changes. To set it automatically, go to the Customer Master Data screen and select the “Payment Terms” field. Select a payment term that includes a billing date and save the changes. 
  
  Tips & Tricks: 
  It is important to ensure that the billing date is accurate, as this will determine when payment is due. If you are setting it manually, make sure to double-check that you have entered the correct date before saving your changes. 
  
  Related Information: 
  For more information about setting up payment terms in SAP SD, please refer to SAP Help documentation.