Milestone billing in SAP PS-Project System (S/4HANA)

Milestone Billing in SAP PS

Milestone Billing is typically used for billing projects such as engineering & constructions. These projects generally include a multiple no of milestones that signifies the completion of a certain task. In SAP R/3 System, the milestones are defined in a network along with the planned and actual dates of completion of the task. The milestones are also assigned to the billing dates in the billing plan.  The milestone remains blocked till it is confirmed by the Project Systems as completed and can be billed only after that