Finalizing Bills and Generating Contract Liability Accounting Entries

To generate contract liability accounting entries:

1. Change the bill status to RDY on the Standard Billing - Header - Info 1 page.

2. Run the Bill Finalization process (BIIVC000) to create the invoice, and change the bill status to INV.

3. Run the Currency Conversion process (BICURCNV) to calculate base and euro currency values and store them in the currency for the bill.

4. Run the Pre-load process (BIPRELD) to prepare accounting information for subsequent processing.

5. Run the Load GL (general ledger) process (BILDGL01).

   The Load GL process generates accounting entries for current and all future accounting periods. The Load GL process does not pass to the general ledger any statistical data entries that are prorated into future periods.

Note:

The general ledger system must be set up to accommodate contract liability accounting entries. For example, it must accept future-dated entries or it must bypass them until the appropriate accounting periods.