Self-Billing Invoicing
This solution is described in detail in this chapter.
In this process, the supplier ships the goods, creates an invoice, and posts the invoice to AR. The customer sends payment and remittance. The supplier then reconciles the payment with shipment information. Therefore, this Self-Billing invoicing process still creates invoices as part of the shipment. Essentially, it enables suppliers to match payments to internally created invoices.
This solution is suitable where a customer pays the supplier based on the information the customer has. The customer does not look at supplier invoices, and expects the supplier to reconcile the differences.
Note: The Self-Billing solution is not suitable for legal self-billing because the supplier still creates the invoices and the revenue is recognized too early. In addition, this process forces VAT payments earlier than with Advanced Self-Billing. To implement legal self-billing, use the Advanced Self-Billing solution.
Self-Billing Invoicing Process
