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Balance Forward Billing in R12
Balance Forward Billing in R12
A balance forward bill includes all of a customer's transactions for the billing
period and any balance carried forward from the previous billing period.
A balance forward bill can have a daily, weekly, or monthly billing period
depending on the balance forward billing cycle assigned to the payment term.
You can also bill on specific days of the month. This way user can not only
specify the day of the month for the billing date, or even multiple days like every
15th and last day of month. User can also elect to bill on a specific day of the
week, such as every Friday.
You can also choose to exclude weekends, in this case if user skip weekends when
determining billing dates, so billing dates only fall on workdays
A balance forward bill is consolidated at either the customer account or site level
depending on the Bill Level value at the customer profile and account profile
levels. You can change the Bill Level defaulted from the customer profile class at
the account profile level. The Bill Level at the site profile level is a read-only field
defaulted from the account profile level.
A balance forward bill can be either detail or summary. Both the detail and
summary formats present invoice totals. The detail format lists all line items.
You can generate a balance forward bill in either Draft or Final formats similar to
R11i.
Bill Presentment Architecture (BPA) configured formats provide a more appealing
layout that can be easily modified and this can be viewed the completed bill
online
In 11i, there are five consolidated bill programs. The new feature consolidates
these programs into three.
Define or update the Payment term and assign it the Billing Cycle
Your should do setup from this navigation
Setup : Transactions > Payment Terms
This way you can create the step up. Next is to create Transaction which is discussed in
next section.
Here , you can see there is only 3 program as compare to 5 underline program as in R11i.
You can run these processes and see the report output and verify the details agaist the
booked transaction.
Oracle R12 Balance Forward Billing Vanilla Functionality
The process is then executed as follows:
You can enter transactions or import them using auto invoice or Transaction API
Once Transaction get booked , run the Generate Balance Forward Bill Program to
create the bills as either draft or final, or set it up to run automatically.
The generate program will kick off the print program in BPA to create either draft
or final bills.
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