Service Contract Billing – Arrears and Advance Invoicing with Entering Offset Days for Interface

Service Contract Billing – Arrear and Advance Invoicing with Entering Offset Days for Interface

Release: R12.1.2 

Using the Service Contracts Manager responsibility:
  1.  Navigate to Launch Contracts from the Main Menu.
  2.  Open the Contract Navigator tab.
  3.  Position the cursor on the desired Contract Group.
  4.  Position the cursor on the desired contract.
  5.  Select 'Tools' from the toolbar; select 'Open'.
  6.  Open the Lines tab.
  7.  Open the Pricing / Products subtab.
  8.  Press the Billing Button.
  9.  Enter the information for a Stream Level.  This is an example
      of the input:
      Seq No = 1
      Periods = 24
      UOM/Period = 1
      Period = Month
  10. Press the Schedule button.
  11. Take note of the values in the Interface Date on each line of the
      Billing Schedule.
  12. Enter a negative value (x) in the Interface Offset Days for the Billing
      Stream.
  13. Press the Schedule button.  Note that the Interface Date changes on
      each line of the schedule.  The Interface Date is (x) days earlier than
      the Bill From date on each line of the schedule.

Further explained the same as below: 

So, if the line level billing period is suppose from 1-Jun-2013 to 30-Jun-2013, then the invoicing rule acts as below: 

If Invoicing rule is Arrear invoice -> Billing will be done(i.e. lines will be interface to AR for billing) for this period on 01-Jul-2013. As shown below:

Whereas, if Invoicing rule is chosen as Advance Invoice -> Billing will done (i.e. lines will be interface to AR for billing) for this period on 1-Jun-2013, As shown below:

The billing date (Interface Date) can be controlled using the offset days field next to Total amount in above screenshots.

So suppose if you provide the offset days as -30 in above scenario of Advance Invoice the billing date (Interface Date) will be changed to 02-May-2013. (i.e. 30 Days in Advance).

Whereas, if you provide the same value as +30 for the Arrears Invoice scenario above the dates will be postponed till 31-JUL-2013 and with a negative offset of -30 the dates will be preponed to 01-Jun-2013.

Note: For Advance Invoicing the Interface Date defaults to the earliestof these dates:

 - Invoice Date
- Bill From Date
- Bill From Date + Interface Offset

The date must be greater than or equal to the sysdate.