SAP S/4HANA Cloud for Contract Accounting and Invoicing supports the billing and invoicing of billable items according to preconfigured and adoptable rules for selecting, grouping and aggregation of billable items for billing execution and of billing documents for invoicing execution.
You can execute billing and display the billing document and/or immediately continue to execute invoicing and display the invoicing document. The invoicing execution creates an invoicing document and an accounting document in the contract accounting subledger.
You can perform selecting, grouping, and aggregation in two separate steps: first billing and then invoicing. This isn't necessary in all system architectures, but possible to do so.
Summary
It highlights how the system supports the selection, grouping, and aggregation of billable items into billing documents, and subsequently, the creation of invoicing documents. The lesson emphasizes the importance of these processes in ensuring accurate and efficient financial management.