What is split invoicing in SAP (IS-OIL - SAP for Oil & Gas)?

SAP Term: split invoicing

• Component: IS-OIL

• Component Name: SAP for Oil & Gas

• Description: Industry Solution Oil Type of invoicing which allows the creation of up to nine invoices with various terms of payment for a delivery. For example, split invoices can be created for net price, fees, taxes, etc.

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• Key Concepts: 
  Split invoicing is a feature of the IS-OIL SAP for Oil & Gas component that allows users to create multiple invoices for a single order. This feature is useful for customers who need to split their orders into multiple invoices for accounting or other purposes. 
  
  How to use it: 
  To use the split invoicing feature, users must first create an order in the system. Once the order is created, users can then select the “Split Invoice” option from the menu. This will open a window where users can enter the details of the invoice they wish to create. Once all of the details are entered, users can then save the invoice and it will be added to the order. 
  
  Tips & Tricks: 
  When using split invoicing, it is important to ensure that all of the details entered are accurate and up-to-date. This will help to ensure that all of the invoices created are accurate and that no discrepancies arise when reconciling accounts. Additionally, it is important to keep track of all of the invoices created as this will help with future reconciliation efforts. 
  
  Related Information: 
  Split invoicing is just one of many features available in IS-OIL SAP for Oil & Gas. Other features include inventory management, order tracking, and customer relationship management. Additionally, there are many resources available online that provide more information about how to use this component and its various features.