Budget billing

The budgeted amount is typically an estimated average of the bills for a full year. For example, water usage tends to peak in the summer, resulting in high water bills for the summer months. A budget billing plan can help customers avoid these high water bills by averaging out the bills for the year, charging less than the actual amount during the summer and more than the actual amount during the winter.

Because the budgeted amount is only an estimate, it is important to keep track of the difference between the amount an account was billed under the plan and the actual amount of the charges, known as the variance. To settle the variance, an account on budget billing must be billed for this amount from time to time.

Complete these steps to set up budget billing:

• Activate the Budget Billing feature switch.

  See Activating Billing features.

• Add an adjustment line item type for settlement adjustments.

  See Creating an adjustment or refund line item type.

• Add a one-off line item type for budget billing settlements. Specify the settlement adjustment line item type that you previously created in the Default Adj Type field.

  See Creating a one-off line item type.

• Configure budget billing line items and add them to the necessary bill types.

  See Budget billing line items.

• Add budget billing plans.

  See Budget billing plans.

For information about managing accounts on budget billing plans, see "Budget billing" in the Infor Public Sector Billing User Guide.

For more information see the Infor Public Sector Budget Billing White Paper in the Installation and Technical Reference Documentation Library on Documentation Central.

Infor Public Sector documentation libraries