Understanding Direct and Rated Draw Billing Lines

You define a contract billing line for a direct or rated draw to represent a prepayment or advance deposit that your company might require from the customer at the time they sign the contract.

When you define a direct or rated draw billing line, the system supplies the:

  • Tax explanation, tax or geographical area, job, and accounts receivable company based on the contract master.

  • Accounts receivable offset based on the customer of the contract.

  • Revenue account based on the automatic accounting instruction BC06 for direct draw or BC07 for rated draw.

When you first define a direct draw billing line, the system displays this message, which you can ignore:

Warning - Cross-Reference Not Setup

Note: The system highlights the X Ref field until you define a cross-reference for the direct draw billing line.