Progressive Billings

A progressive billing is a partial billing for regular customer orders that do not have taxes included in their price. Use the Progressive Billings form to create progressive billing records at the line level. You can enter specific domestic currency amounts to bill at the time of invoicing. This form allows you to view any progressive billing records you previously generated at the CO header level. It also allows you to add, update, delete, or invoice progressive billings. You can enter as many progressive billing records as you desire for an item.

When progressive bills are generated at different exchange rates compared to regular (or consolidated) invoices, progressive bill amounts in domestic currency are adjusted to reflect the regular (or consolidated) invoice exchange rate. At the time of posting the regular (or consolidated) invoice, adjustment entries are created and posted to the progressive bill account and the currency gain/loss account. Prior to posting, the Invoice Transaction report displays these adjustment transactions.

If sales tax is calculated for progressive bills, sales tax amounts in domestic currency is also adjusted. These adjustment entries are posted to the sales tax account and the currency gain/loss account.

Note: You may also create a progressive bill at the Order Header level by using the Progressive Billing Generation activity.

The header provides summary information about the progressive billings for the line item and includes running totals of all invoicing and billings to date for the item. The body allows you to enter all of the progressive billing records associated with the item.

If you want to bill a customer using this method, you can generate one or more invoices prior to shipment.

Note: You must print a final (regular) invoice after you ship the item. This invoice will show the amount of the order, minus all previous Progressive Billings.

The header summarizes the information about the Progressive Billings for a specific Customer Order. It maintains running totals of all invoicing and billings regarding the order at the present time.

When invoicing Progressive Billing records, follow the regular invoicing procedures. If you only want to print Progressive Billing Invoices, you can set the Invoice Type to Progressive Billing. (The default Invoice Type is Regular.) You can also invoice an individual order or a range of orders by specifying the order number in the order selection criteria fields.

The system invoices Progressive Billing records when each of the following conditions are true:

Each record has an Automatic or Yes in its Invoice Flag field.
The date entered in the Date field of each record precedes the system date.
The orders to invoice fall within the range of orders on the Order Invoicing/Credit Memo form.