What is ITD billing in SAP (SD - Sales and Distribution)?

SAP Term: ITD billing

• Component: SD

• Component Name: Sales and Distribution

• Description: an enhanced form of resource-related billing that adds up all the costs accrued for a contract from the start date to the present and re-evaluates all previously billed costs using the latest rates.

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• Key Concepts: 
  ITD billing stands for Intercompany Trade Document billing. It is a feature of SAP Sales and Distribution (SD) that allows companies to bill each other for goods and services. This feature is used when two companies are trading with each other and need to keep track of the transactions. 
  
  How to use it: 
  ITD billing can be used in SAP SD by setting up a customer master record for the company that is trading with you. This customer master record will contain all the necessary information about the company, such as their address, contact information, and payment terms. Once this is set up, you can create an ITD document in SAP SD which will contain all the details of the transaction between the two companies. 
  
  Tips & Tricks: 
  When setting up an ITD document in SAP SD, it is important to make sure that all the details are correct. This includes the customer master record, the item details, and any other relevant information. It is also important to make sure that all the taxes and fees are correctly calculated before submitting the document. 
  
  Related Information: 
  ITD billing is a feature of SAP SD that can be used in conjunction with other features such as pricing conditions and delivery schedules. It is also possible to integrate ITD billing with other SAP modules such as Materials Management (MM) and Financial Accounting (FI).