When do I enter an invoicing rule?

Enter an invoicing rule for invoices that recognize receivables over more than one accounting period. There are two invoicing rules:

• In Advance: Use this rule to recognize the receivable immediately.

• In Arrears: Use this rule to recognize the receivable at the end of the revenue recognition schedule, as defined by the revenue scheduling rule assigned to the invoice.

Revenue is recognized according to the revenue scheduling rule assigned to the invoice line. Revenue scheduling rules determine the number of periods and percentage of total revenue to record in each accounting period.

Note: You must enter an invoicing rule if you want to assign a revenue scheduling rule to line items, or if an item or memo line is assigned a default revenue scheduling rule.