Invoicing Rules

Invoicing and accounting rules let you create invoices that span several accounting periods. 

Accounting rules determine the accounting period or periods in which the revenue distributions for an invoice line are recorded. You can assign a different accounting rule to each invoice line.

Accounting rules of Fixed Duration span a predefined number of periods. Accouning rules of Variable Duration let you define the number of periods during invoice entry.

Invoicing rules determine the accounting period in which the receivable amount is recorded. You can only assign one invoicing rule to an invoice.

Receivables provides the following invoicing rules:

• Bill In Advance: Use this rule to recognize your receivable immediately 

• Bill In Arrears: Use this rule if you want to record the receivable at the end of the revenue recognition schedule.

With Cash Basis Accounting, you only recognize revenue when payment is received. Invoices with rules are therefore not applicable for this method of accounting.

You can assign invoicing and accounting rules to transactions that you import into Receivables using AutoInvoice and to invoices that you create manually in the Transactions window.