Billing Valuation Details

A valuation detail’s type controls whether or not the detail is billable. When a value detail type is configured to create bill charges, the description that appears for the resulting bill charge and the distribution code to use for that charge can also be specified.

When a valuation goes to the Active state, it is considered billable. Billing calculation rules could pull in the billable details of the asset’s active valuations for the specific revenue period being billed.

Refer to The Big Picture of Bills for more information on billing.