Bill plan of a Sales Order/Contract

Question

Hi,
Where do we create/update the bill plan for a sales order/contract.
I tried VA41 where a bill plan button is provided. But need to understand the bill plan from a functional perspective.
Any short summary on the same will be helpful.
Also please provide Transaction/steps to update a bill plan.
Thanks.
Shreyas

Answer 1

Hi
A billing plan is a schedule of individual billing dates
for a single item in a sales document.
You can define a billing plan at header level, which is
then valid for all items assigned to it.
During sales order processing, the system determines from
the item category whether a billing plan is required and,
if so, which type of plan: The type of billing plan that
is determined at this point is set up in Customizing and
cannot be changed in the sales document.
For each billing plan you create, you can enter a freely-
definable search term in the details screen of the billing plan in the sales document.
When you save the document, the system automatically
assigns a number that later uniquely identifies the
individual plan.
You can use the search term later to locate specific billing plans.
Transaction code for Sales order - VA01, VA02 & VA03
Kindly check the following link for more information on Billing plan:
http://help.sap.com/saphelp_47x200/helpdata/en/dd/560674545a11d1a7020000e829fd11/frameset.htm
kindly reward points for useful answers!
best regards,
Thangesh