Lease Billing
Use the Lease Billing menu to bill and invoice all leases in Definite or Released, and status that have lease periods with the status of Charges Not Posted or Charges Posted and a lease start date that falls on or between the dates specified. The screen includes the option to bill and invoice the lease charges, bill and invoice incidentals, or both. The Lease Billing Details section includes parameters which allows you to select which lease periods to post lease charges and which to bill for. The list shows a list of attempts of generating invoices.
If an A/R account is over it's credit limit charges are posted. If an A/R account is on credit hold or requires approval it will be skipped in the lease billing process and charges are not posted.
When billing is processed the system:
- Post lease charges to the lease account if the lease period status is Charges Not Posted.
- Post a direct bill payment for the lease charges.
- Post a charge to the A/R account for the lease charges.
- Generate an invoice for the lease period charge on the A/R account.