What is invoice schedule in SAP SRD-CRM-ORD - CRM-Orders & Contracts?

SAP Term: invoice schedule

• Component: SRD-CRM-ORD

• Component Name: CRM-Orders & Contracts

• Description: A schedule in a sales document for the creation of invoices with specifications concerning the invoice dates and the amounts to be invoiced.

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• Key Concepts: 
  Invoice schedule is a feature in SAP CRM-Orders & Contracts that allows users to create invoices for goods and services that have been ordered. It is used to manage the billing process and ensure that invoices are sent out on time. The invoice schedule can be used to set up recurring invoices, as well as one-time invoices. 
  
  How to use it: 
  To use the invoice schedule, users must first create an invoice plan. This plan will define the frequency of invoicing, the payment terms, and any discounts or taxes that may apply. Once the plan is created, users can then create individual invoices based on the plan. The invoice schedule can be used to track the progress of each invoice and ensure that they are sent out on time. 
  
  Tips & Tricks: 
  When creating an invoice plan, it is important to consider the payment terms and any discounts or taxes that may apply. This will help ensure that invoices are sent out on time and that customers are billed correctly. Additionally, it is important to review the invoice schedule regularly to ensure that all invoices are being sent out on time. 
  
  Related Information: 
  For more information about using the invoice schedule in SAP CRM-Orders & Contracts, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for using this feature.