Invoicing and Accounting Rules in AR

[suryabpc]

Hi All,

Please explain me, how to setup Invoicing and Accounting Rules in AR in detailed way to get Revenue and Unearned Revenue Accounting.

Thanks in Advance.

[sanjutapadia]

Hi,

Oracle has provided two invoicing rule that is bill in arears and bill in advances.
In bill is arears, AR recognises revence before invoicing rule bills it and in bills in advance invoicing rules bills it before AR recognises revenue.
Accounting rules defines the period over which revenue is to be recognised.
if you create transaction with invoicing rule, you will be asked to give accounting rule in transaction level, once trxn is completed you have to run revenue recognition program to see the entries created.

Regards,
SK

[suryabpc]

Thanks Sajutapadia..