This document helps you to configure new milestone billing plan and shows how to create sales order and billing with the milestone billing plan.

1. ANAND KUMAR KS SD CONSULTANT anandkumars.sap@gmail.com India.
Milestone Billing Plan Configuration
Milestone Billing is a billing arrangement in which a customer is billed
in installments spread over a specific period of time on the achievement of a
predefined milestone for a work.
The difference between milestone and periodic billing is that in
milestone billing, the customer has to pay the total amount in parts or
installments that are not fixed because it depends on the achievement of a
milestone . For example, rental billing is an example of periodic billing, and
billing done on the achievement of predefined milestones during the
construction of a bridge is an example of milestone billing. In milestone
billing, a billing document is generated on the achievement of predefined
milestones.
It is a final billing in full at a particular milestone according to items
sold or rendered. An example of this would be a Project Milestone, such as
the completion of an architect's blue print, for which the service is invoiced.
1. DEFINE BILLING PLAN TYPES -- OVBO
Menu Path SAP Customizing Implementation Guide | Sales and Distribution
| Billing |Billing Plan | Define Billing Plan Types |Maintain billing plan types
for milestone billing

2. ANAND KUMAR KS SD CONSULTANT anandkumars.sap@gmail.com India.
Billing Plan Type -- Specifies the type of billing plan to create the
milestone billing plan.
Start date -- Specifies the start date of the milestone billing plan
RefBillPlanNo. -- Specifies the billing plan number
FCode-OvervScrn -- Specifies a unique number of a screen that a user
wants to navigate, after entering the data on the initial screen of the
milestone billing plan.
Date Category -- Specifies the billing plan type number of the milestone
billing plan, such as 01,02,03, and 04.
Online order -- Specifies the values (Blank, X, or Y) to determine whether
the system generates an online bill for the milestone billing plan.
2. DEFINE DATE DESCRIPTIONS -- SM30 - V_TVTB
Menu Path SAP Customizing Implementation Guide | Sales and Distribution
| Billing |Billing Plan |Define Date Descriptions

3. ANAND KUMAR KS SD CONSULTANT anandkumars.sap@gmail.com India.
3. DEFINE AND ASSIGN DATE CATEGORIES -- OVBJ
Menu Path SAP Customizing Implementation Guide | Sales and Distribution
| Billing |Billing Plan |Define and Assign Date Categories |
A. Maintain Date Category for Billing Plan Type

4. ANAND KUMAR KS SD CONSULTANT anandkumars.sap@gmail.com India.
B. Allocate date category
4. MAINTAIN DATE PROPOSALS FOR BILLING PLAN TYPES --
OVBM
Menu Path SAP Customizing Implementation Guide | Sales and Distribution
| Billing |Billing Plan |Maintain Date proposals for billing plan types

5. ANAND KUMAR KS SD CONSULTANT anandkumars.sap@gmail.com India.
5. ASSIGN BILLING PLAN TYPE TO SALES DOCUMENTS TYPE --
OVBP
Menu Path SAP Customizing Implementation Guide | Sales and
Distribution | Billing |Billing Plan |Assign Billing Plan type to sales
document type
6. ASSIGN BILLING PLAN TYPES TO ITEM CATEGORIES -- OVBR
Menu Path SAP Customizing Implementation Guide | Sales and Distribution
| Billing |Billing Plan |Assign billing plan types to item categories

6. ANAND KUMAR KS SD CONSULTANT anandkumars.sap@gmail.com India.
7. DEFINE RULES FOR DETERMINING DATES -- OVBS
Menu Path SAP Customizing Implementation Guide | Sales and Distribution
| Billing |Billing Plan |Define rules for determining dates.
So, the configuration of Milestone Billing Plan is done successfully.
Here, we go for Sales Order Cycle.

7. ANAND KUMAR KS SD CONSULTANT anandkumars.sap@gmail.com India.
a) SALES ORDER -- VA01
Here, double click the line item
Select the Billing plan and enter your expected billing date in the billing plan
view with percentage basis or value basis.

8. ANAND KUMAR KS SD CONSULTANT anandkumars.sap@gmail.com India.
b) BILLING - VF01
Once you saved the order, go to VF01 and there you will see the billing
documents which are mentioned in the sales order.
So, now you learned to process the sales order and billing with
Milestone Billing plan.