What is bill-to party in SAP SRD-MD-BP - FDN-Business Partner?

SAP Term: bill-to party

• Component: SRD-MD-BP

• Component Name: FDN-Business Partner

• Description: A person or company that receives an invoice for a delivery or service. The bill-to party can be, but is not necessarily, the payer of the invoice.

Smart SAP Assistant

• Key Concepts: 
  A bill-to party is a business partner in the SAP system that is responsible for receiving invoices and making payments. It is part of the SRD-MD-BP FDN-Business Partner component, which is used to manage customer and vendor relationships. 
  
  How to use it: 
  The bill-to party can be set up in the SAP system by entering the relevant information into the SRD-MD-BP FDN-Business Partner component. This includes the name, address, contact details, and payment terms of the bill-to party. Once this information is entered, it can be used to generate invoices and track payments. 
  
  Tips & Tricks: 
  When setting up a bill-to party in the SAP system, it is important to ensure that all of the information is accurate and up to date. This will help to ensure that invoices are sent to the correct address and payments are received on time. 
  
  Related Information: 
  The SRD-MD-BP FDN-Business Partner component can also be used to manage vendor relationships. This includes setting up payment terms, tracking orders, and managing returns.