Debit & Credit sub-transaction for billing

[Former Member]

Hi Experts,

Pls let me the path in ISU to create the followings and what it is importance.

1) Debit sub-transaction for billing

2) Credit sub-transaction for billing

3) debit budget billing sub-transaction

4) Credit sub-transaction for billing

Thanks in advance.

[Former Member]

hi,

let me first try to explain what these 4 mean

1) Debit sub-transaction for billing

2) Credit sub-transaction for billing

mentioned in the rate their usage in the final amount depends on whether they are credit or debit(+/-),

If the net amount is positive (receivable), the billing line item is posted with the debit sub-transaction.

If the net amount is negative (credit), the billing line item is posted with the credit sub-transaction.

The billing sub-transactions determine which taxes are levied for the billing line item. In the rate, the only combinations of debit and credit billing sub-transactions that are allowed are those that lead to the same tax for credit and receivables.

3) debit budget billing sub-transaction

4) Credit budget sub-transaction for billing

budget billing calculation can also occur on quantity. so billing is simulated for the contract in the budget billing period.

The budget billing sub-transactions from the rate step are allocated to these budget billing line items:

If the net budget billing amount is positive, the billing line item is posted with the debit budget billing sub-transaction.

If the net budget billing amount is negative, the billing line item is posted with the credit budget billing sub-transaction.

The budget billing sub-transactions are only for account determination. The tax determination is also determined from the budget billing line items via the billing sub-transactions.

and now for the paths

img->financial accounting->Contract Accounts Receivable and Payable->Basic Functions->Posting and Documents->Document->define account assignments for automatic posting

and to define new sub transactions

img->financial accounting->Contract Accounts Receivable and Payable->Basic Functions->Posting and Documents->Document->maintain document assignements->

hope this helps.

regards,

Rakesh..