The following points highlight important concepts related to bills:
A bill is produced for an account. Over time, many bills may be produced for an account.
Bills contain bill segments. A bill segment is created to levy charges for a bill-based obligation. You may configure your system to generate a single bill for a single obligation. For example you may generate one bill for your property tax obligation's charges. You may also include bill segments for multiple obligations in a single bill. For example you may generate a bill that includes bill segments for all the personal property obligations.
Bill segments contain calculation details. A bill segment contains information showing how the segment was calculated and how it should be printed on the taxpayer's bill.
A bill segment has a financial transaction. A bill segment has a related financial transaction. A financial transaction contains the financial effects of the bill segment on the obligation's current and payoff balances and on the general ledger.
Canceling a bill cancels the financial transaction. If the bill segment is eventually cancelled, another financial transaction will be linked to the bill segment to reverse its original financial transaction. The cancellation financial transaction appears on the next bill produced for the account as a bill correction.
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