Billings Transaction Type

Most businesses that use the accrual method of accounting transfer data to their general ledger. In setting up a posting rule, you are telling the system how you want it to handle outgoing billings, that is, debiting the correct account receivable account and crediting the correct income account.

Refer to Posting Rules by Transaction Type for specific information about posting rules for the Billing transaction type.

Caution

Without setting up posting rules specific to your organization, the system cannot post transactions properly. Setting up posting rules is required.

Note

When you add a Receipts posting rule, a Billing posting rule is created automatically. Please ensure that your posting rules are set up properly to suit your organization.