Generating a Progressive Billing - Method 1
To generate a percentage of the bill, do the following:
- On the Progressive Billing Generation form, select the order for the progressive bill.
-
In the Invoice Flag field, select
one of the following options:
- Yes: Invoices the progressive bill the next time the invoicing option is run.
- No: Does not invoice the progressive bill at all.
-
Automatic: Invoices the progressive bill
when its Billing
Date is on or before the Invoice Date. Note: You cannot select the Invoiced or Vouchered options.
-
Select a Billing
Date.
If you selected Automatic in Step 1, this is the date on which the progressive bill will be invoiced.
-
Enter a value in the Percent To Bill field.
This is the percentage of the order total that you want to invoice with this billing.
Note:- The Description field defaults to Progressive Billing, but you can change it.
- If you use Translate to Domestic Currency you will not be able to update until you go back to the original currency for which the progressive bill was created.
- Once you enter the header information, select the line/release you want to include in this progressive bill.
-
To create a Progressive Billing record for each line you selected,
click Generate Lines.
The Amount Billed field is filled in automatically. The system uses this calculation to figure the amount:
Amount to Bill = Line/Release Price x Percent to Bill
- Once a progressive bill has been completely invoiced, you will still need to print out a regular invoice type before the customer order can be completed.
Note: For reporting purposes,
progressive bills are not considered sales until the shipment and final invoice have
been printed.