What is invoicing type in SAP SRD-PRO - PRO-Projects?

SAP Term: invoicing type

• Component: SRD-PRO

• Component Name: PRO-Projects

• Description: A classification used to determine how an invoice request item is invoiced to the customer. The invoicing type can be either fixed price or time and material.

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• Key Concepts: 
  Invoicing type is a feature in SAP SRD-PRO PRO-Projects that allows users to define the type of invoicing they want to use for a particular project. It can be used to specify whether the project should be invoiced on a fixed-price basis, time and material basis, or other types of invoicing. 
  
  How to use it: 
  Invoicing type can be set up in the project definition screen. When creating a new project, users can select the invoicing type from a drop-down list. The list includes options such as fixed-price, time and material, and other types of invoicing. Once the invoicing type is selected, it will be applied to all subsequent invoices for that project. 
  
  Tips & Tricks: 
  It is important to select the correct invoicing type for each project. This will ensure that all invoices are accurate and that customers are billed correctly. It is also important to review the invoicing type periodically to ensure that it is still appropriate for the project. 
  
  Related Information: 
  For more information on setting up and using invoicing type in SAP SRD-PRO PRO-Projects, please refer to the official SAP documentation.