to select, an account for designation.Use this screen to enter accounts that will be subject to cash basis billing or used for subcontractor progress payments on a company-wide basis. If your projects require that purchases be paid for before they can be billed, use this screen to set up the accounts to which this restriction applies. Note that cash basis is applied only to transactions from Costpoint Accounts Payable. This screen controls the cash basis billing accounts on a company-wide basis. The option for controlling a specific project's cash basis billing status is located in the Project Billing Info screen. If a project has specific accounts that are subject to cash basis billing, in addition to the company-wide accounts, enter those accounts in the Cash Basis subtask of the Project Billing Info screen (Projects » Billing » Billing Master or Projects » Project Setup » Revenue Setup). In summary, the system checks to see if the Bill Cost Incurred on Cash Basis check box is selected for the project in the Project Billing Info screen. If this check box is selected (the project uses cash basis billing), the system first checks the company-wide accounts. Next, the system checks he project-specific accounts to see if there are any additions. You cannot enter the same account in both the company-wide and the project-specific screens. The system will display a message, and you will be forced to delete the duplicate accounts from the project-specific screen. Note that you must run the Update Cash Basis Information screen (Projects » Billing » Prepare Billings) before you can use the cash basis restriction in the Calculate Billings screen (Projects » Billing » Calculate Billings). See Special Topic BL-9, "Cash Basis Billing," for more information on this topic.
The subcontractor column is used in the billing of government form 1443, Contractor's Request for Progress Payment. Designating an account in this screen as a subcontractor account means that the account will be included in the Update Subcontractor Progress Payments process. There is a requirement to segregate subcontractors for 1443s because they are not subject to progress payment percentages. The subcontractor amounts, when entered into the system, will already have the percentage retained. Therefore, subcontractor costs are not integrated with other project costs. Accounts designated as a 1443 subcontractor should be used exclusively for that purpose. Do not charge subcontractor costs, for 1443s, to non-designated accounts nor should you charge non-subcontractor costs to subcontractor-designated accounts. The account designation for subcontractors is available on a company-wide basis only. Note that you can designate an account as a subcontractor without it being subject to cash basis billing. The Calculate Billings program will check accounts in this table for subcontractor designations only if the billing formula is Progress Payment.
For more information, please see Billing Special Topic BL-6, "Progress Payment Bills."
Enter, or use to select, an account for designation.
This non-editable field displays the name of the Account.
Enter a Y (Yes) or an N (No) to designate this account's cash basis status.
Enter a Y (Yes) or an N (No) to designate this account's subcontractor status.
Changes to this screen update the BILLING_ACCTS table.