Bill in advance

Advance billing creates a bill-in-advance invoice transaction on the invoice line of the project contract.

Advance billing is available in these circumstances:

During an edit on an invoice for an external funding source.
For transaction-based billing methods.

Bill in advance is a single line that is added to an already-generated invoice. A green alert is displayed on the advance billing line. The invoice lines for an advance billing on the project contract are tracked.

When the invoice that includes the bill in advance is journalized, the advance billing credit is created. The advance billing credit is applied to the next generated invoice unless the credit is on hold. To apply the advance billing credit, at least one transaction must be processed when invoices are generated.