Accrual Basis
The following billing activities take place for payments made using the accrual accounting method:
- Billing generates paid-in-full subscription records and turns all further control and tracking over to the AR/Cash System.
- Each bill generates a multiple-line Trans table record debiting AR and crediting the appropriate income accounts for all billing line items.
- Each bill generates one open invoice record. This item appears with all other invoice items on standard AR system inquiries and reports (For example, trial balance, AR statements and AR account inquiry).