Example 1 - Invoicing Only

When you process invoicing only, this information is true:

• The journal generation control is 1 (invoicing only).

• Revenue recognition does not apply.

• The system calculates the same amount for actual revenue and accounts receivable.

• The system calculates the amounts for revenue and accounts receivable simultaneously.

• The RC AAI designates the accounts receivable account.

For example, if the cost for a workfile transaction is 100.00 and the markup is 15 percent, the amounts for the invoice and accounts receivable are 115.00. The system creates these journal entries:

Account	Debit	Credit
Accounts receivable	115.00
Actual revenue		(115.00)

This illustration shows the T-account postings in the general ledger:

The RC AAI directs the system to the accounts receivable account. Billing AAI table number 4811 directs the system to the base rules for the actual revenue account.