Hello Tahir,
When you book the time through CATS, Activity type will determine whether hours are billable or non billable and rates to be billed. Since rate is 35$/Hr, for 10 hours cost will be 350.
After booking time through CATS, approved or cancelled timesheet records are then transferred to Controlling using transition – CAT7 (Transfer to Controlling). This generates CO Documents and WBS elements are debited with the cost of employee’s booked hours.
Once the transfer is complete, the report generates a log. We can use the log to see which records were posted. If errors occurred, we must post process the incorrect data in the Time Sheet.
Next step is Creation of Debit memo request. At period end, a billing request is created against the Sales Order using transaction – DP91(Create Debit Memo Request). When we opt to create a billing request against a sales order, system determines the unbilled cost items posted onto the WBS elements. Using SD pricing setup, it determines the rates at which different roles should be billed to Client. As we save the billing request, the system records the revenues to the project.
And then next step is to create invoice. Here, we create an invoice / Billing document for the Debit Memo Request created in the previous step using transaction VF01 (Create Billing Document). The completed Billing document is subsequently released by relevant Authority to allow posting to Finance.
Regards
Tushar