Note: Only transactions from Costpoint Accounts Payable will have cash basis rules applied to them. Transactions from all other modules are considered "paid" when posted, and are therefore not subject to the cash basis rules.
If a project is subject to the "cash basis" billing rules, use this subtask to identify which general ledger accounts are subject to cash basis billings. When you use cash basis billing, transactions cannot be billed to a customer until they have been paid.
Use this screen to enter accounts on a project-specific basis. If you want to designate cash basis billing accounts on a company-wide basis, use the Maintain Billing Accounts screen. To include an account in the cash basis calculation, you can enter it in the Maintain Billing Accounts screen or in this subtask. You cannot enter an account in both screens, however.
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Note: Only transactions from Costpoint Accounts Payable will have cash basis rules applied to them. Transactions from all other modules are considered "paid" when posted, and are therefore not subject to the cash basis rules. |
You must set up the cash basis accounts in the Maintain Billing Accounts screen or this subtask before calculating billings. You must also run the Update Cash Basis Bills screen (Projects\Process\Billing) after posting transactions but before calculating billings. If you do not run this utility, all Accounts Payable transactions will be treated as unpaid. For more information on this utility, see the documentation for the Update Cash Basis Bills screen.
Use the fields in this table window to enter the accounts that should be subject to cash basis.
Account *
Enter, or use Lookup to select, the detail General Ledger accounts that are subject to cash basis billing for this project.
You cannot add an account that is already set up for cash basis on a company-wide basis in the Maintain Billing Accounts screen.
This non-editable field displays the name of the account.
* A red asterisk denotes a required field.
Changes to this screen update the BILLING_ACCTS (Billing Accounts) table.
