Difference between Sold To and Bill To in Customer form and its impact on the sale order and Invoice

Hi All,

I am trying to figure out the significance of Sold To and Bill To usage in the customer form and also, what impact does Sold To have on the sales order , if it does that is...(the reason I say that is  because there is no Sold To Customer related fields on the SO form and there must be a solid reason for Oracle to not include this field).

My client wants to know, where on the sales order will they be able to see the actual SOLD TO customer (one who buys) and not the BILL TO customer(one who pays for this transaction) as both can be totally different.