Understanding Billing Constants

The billing constants represent your company's decisions about how source transactions and related billings are processed. The constants control how the system processes:

  • Billable costs.

  • Customer information.

  • Dates.

  • Invoices.

  • Journal entries.

  • Default markup percentage.

  • Multicurrency transactions.

  • Draft and final invoice numbering.

  • Revenue recognition on non-T and M (non-time and material) transactions (Contract Billing only).

  • Burdening transactions.

After you set up the constants, you should not change them. The system stores the constants in the Billing System Constants table (F48091).