Previous	Next		Contents	Index	Navigation	Glossary	Library

Receivables provides two invoicing rules: Bill in Advance and Bill in Arrears. You supply AutoInvoice with the model account which contains the accounting distributions and the percent allocated to each account. You must run the Revenue Recognition Program before Receivables can create your accounting entries. See the example below for the effects of using accounting and invoicing rules through AutoInvoice. Assume that you have already run the Revenue Recognition Program for each accounting period.

Example #1 

Invoice #101

Transaction Amount:

$300

(RA_INTERFACE_LINES.QUANTITY (3)*

RA_INTERFACE_LINES.UNIT_SELLING_PRICE ($100))

Accounting Rule:

Monthly

(RA_INTERFACE_LINES.ACCOUNTING_RULE_ID)

Invoicing Rule:

Bill in Advance

(RA_INTERFACE_LINES.INVOICING_RULE_ID)

Duration (Number of Periods):

3

(RA_INTERFACE_LINES.ACCOUNTING_RULE_DURATION)

Rule Start Date:

1/1/XX

(RA_INTERFACE_LINES.RULE_START_DATE)

Payment Term:

Net 30

(RA_INTERFACE_LINES.TERM_ID)

Receivables creates the following accounting entries:

1/1/XX	DR Accounts Receivable		300
		CR Unearned Revenue		200
		CR Revenue		100
2/1/XX	DR Unearned Revenue		100
		CR Revenue		100
3/1/XX	DR Unearned Revenue		100
		CR Revenue		100

In the above example, the transaction date for this invoice is 1/1/XX, with a payment due date of 1/31/XX. If we had chosen an invoicing rule of 'Bill in Arrears', the transaction date in the above example would have been 3/1/XX with a payment due date of 3/31/XX.

Validation for Lines With Rules

• The accounting rule has overlapping periods

• All of the accounting periods do not exist for the duration of your accounting rule

See Also

Importing Credit Memos