Difference between downpayment and Milestone billing

Dear Guru's
    can anyone tell me what is the difference between downpayment and milestone billing. And also tell me anyother things are there in this process.
regards,
Reshmi

hi
Milestone billing is typically used for billing projects, such as plant engineering and construction projects. Such projects often include a series of milestones that mark the completion of different stages of the work. In the SAP R/3 System, milestones are defined in a network along with planned and actual dates for the completion of work. The milestones are also assigned to the billing dates in the billing plan. Each milestone-related billing date is blocked for processing until the Project System confirms that the milestone is completed.
Delivery-relevant order items for which a milestone billing plan applies are billed on the basis of the requested delivery quantity and not on the total of the confirmed quantities.
<a href="http://help.sap.com/saphelp_470/helpdata/en/59/ac922bcb0411d2acbe0000e8a5bd28/frameset.htm">http://help.sap.com/saphelp_470/helpdata/en/59/ac922bcb0411d2acbe0000e8a5bd28/frameset.htm</a>

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    Database Fundamentals > Data Warehousing and Business Intelligence with Mike Lampa
    Search Advice from more than 250 TechTarget Experts
    Your question may have already been answered! Browse or search more than 25,000 question and answer pairs from more than 250 TechTarget industry experts.
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