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

SAP Term: invoice

• Component: SD

• Component Name: Sales and Distribution

• Description: A sales and distribution document used to charge a customer for delivery of goods or services.

AnswerBot for ERP

• Key Concepts: 
  An invoice is a document used in SAP Sales and Distribution (SD) to record the sale of goods or services. It is a legally binding document that serves as proof of the transaction between the buyer and seller. The invoice includes details such as the date of the transaction, the items purchased, the quantity, and the total amount due. 
  
  How to Use it: 
  In SAP SD, invoices are created when a customer orders goods or services. The invoice is then sent to the customer for payment. Once payment is received, the invoice is marked as paid and can be used for accounting purposes. 
  
  Tips & Tricks: 
  When creating an invoice in SAP SD, make sure to include all relevant information such as the customer’s name, address, and contact information. This will help ensure that payment is received quickly and accurately. 
  
  Related Information: 
  Invoices are closely related to other documents such as delivery notes and credit memos. Delivery notes are used to record the delivery of goods or services while credit memos are used to record refunds or discounts given to customers.