Oracle Receivables Balance Forward Billing

Is a report used to consolidate all the transactions created in a particular period and giving a common due date.

·         Define Balance Forward Billing Cycles

·         Define Payment Terms with BFC terms

·         Define Customer Profile Class and associate them with Payment terms & BFC

1.      Define Balance Forward Billing Cycles :

Setupà Printà Balance Forward Billing Cycles

Here we will specify the time interval for the bills viz: daily, weekly, monthly.

We will specify the date at which the bill should be generated. We can give more than one billing date as per business scenario. Can exclude Saturdays and Sundays if necessary.

In the above screenshot we can see the selected interval is ‘monthly’, specified to repeat every month and the billing date is ‘16’ of every month.

Eg: All the transactions created from 17-Feb-2012 to 16-Mar-2012 will have the billing date as ’16-Mar-2012’ and the transactions created from 17-Mar-2012 to 16-Apr-2012 will have the billing date as ’16-Apr-2012’

2.      Define Payment Terms with BFC terms

Setupà Transactionsà Payment Terms

3.      Define Customer Profile Class and associate them with Payment terms & BFC

Link up the Payment terms in the Profile class and fill rest of the tabs as necessary.

Now create a customer with this profile class and enter some transactions for testing.

Now submit the program ‘Generate Balance Forward Bills’ and view the output.

We can see the consolidated billing number as below: