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    Gyan
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    The document outlines the steps for configuring billing and tax rules, including setting an initial billing trigger, partial period treatment options, invoice generation settings, creating a finance book and period, legal entities, tax treatments with integration and rates validated against addresses and entities. It also mentions revenue recognition configuration.

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    test1 (1)

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    The document outlines the steps for configuring billing and tax rules, including setting an initial billing trigger, partial period treatment options, invoice generation settings, creating a finance book and period, legal entities, tax treatments with integration and rates validated against addresses and entities. It also mentions revenue recognition configuration.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views1 page

    Test 1

    Uploaded by

    Gyan
    The document outlines the steps for configuring billing and tax rules, including setting an initial billing trigger, partial period treatment options, invoice generation settings, creating a finance book and period, legal entities, tax treatments with integration and rates validated against addresses and entities. It also mentions revenue recognition configuration.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1.

    Billing Rule:
    a. Initial Billing Trigger -> Billing Trigger/ Billing Execution will
    happen based on this
    b. Partial Period Treatment ->
    i. Separate -> we want to create an invoice for 10 days as
    well i we sold it in 20 of this month
    c. Generate Invoice -> Whether we want to generate an invoice for
    this product or not.
    2. Created Billing Treatment:
    a. Created Finance Book
    i. Created Finance Period
    1. Created Finance Period
    b. Created Legal Entity
    3. Tax Rule:
    a. Created Tax Treatment
    i. Created Tax Integration
    ii. Created Legal Entity
    4. Created Tax Rate (Address will be taken from Billing Configuration ->
    Tax Calculation Based On) [Address will be validated against the legal
    entity mentioned in the tax rate]
    5. Revenue Recorgnation

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