Understanding Payment and Accounting Profiles

The system generates payment profile records automatically depending on the billing process that you run. This table specifies which profile records the system creates when you run the corresponding program:

Program	Payment Profile Records	Accounting Profile Records
Manual Billing P74U1511	Yes	No
Recurring Billing Information P74U1502	Yes	Yes
E.P. Billing Generation R74U5101	Yes	No
Estimated E.P. Edit/Update R74U5113	Yes	Yes
Fee & Interest Calculation R74U5160	Yes	No

Except for manual billing, which updates the Lease Billings Master table (F1511B) when you enter the billing record, the system uses the payment profile records to generate Lease Master Billing records (F1511B) when you run the Global Generation program.

The system uses the accounting profile to generate accrual entries, so that reporting can be done on a fixed amount instead of an amount that fluctuates based on the number of days in the billing period. You must run the Accounting Profile Journal Creation program to generate these journal entries.

The system stores payment profile records in the Payment Profile table (F74U0205). The system stores accounting profile records in the Accounting Billing Profile table (F74U0212).