Processing Recurring Billings

This chapter discusses how to set up recurring billing information.

Setting Up Recurring Billing Information

This section provides an overview of recurring billing entry and discusses how to:

• Set processing options for Recurring Billing Information (P74U1502).

• Enter recurring billing information.

• Allocate billing balances.

Understanding Recurring Billing Entry

You enter recurring billing information in the same way for JD Edwards EnterpriseOne Enhanced Real Estate Management as for JD Edwards EnterpriseOne Real Estate Management, with these exceptions:

• You enter an annual billing amount, not a period amount.

  The system divides the annual amount by the number of periods in the bill pattern to determine the period billing amounts. Depending on how you complete the Payment Balance Allocation form, you can bill differences to either the first or final billing period or allocate by a percentage.

• You enter a bill pattern code instead of a billing frequency.

  The bill pattern code that you enter must be based on a monthly or weekly bill period type; you cannot use a fiscal link. If you click the Search button for the Bill Pattern field, the system displays monthly and weekly bill patterns on the Search Bill Pattern form.

• You can specify either to bill in advance or in arrears.

  Depending on whether you select the check box for the Billing Date Adjustment when you set up the billing pattern, when you bill in arrears, the system either includes or excludes the actual billing date from the period that is billed.

  For example, if the billing date is the 10th of each month and you select the Billing Date Adjustment check box, when the system generates the payment profile records, it uses the 10th of the month as the value of the Bill Date. If you do not select the check box, when the system generates the payment profile records it uses the 9th of the month as the value of the Bill Date.

• The system retrieves tax information from the Business Unit Tag (F74U006T) or the Property Unit Tag (F74U071T) tables instead of the customer or supplier master record.

• After you have entered entering information on the Enhanced Recurring Billing form, the system displays the Payment Balance Allocation form so that you can distribute the difference amounts that occur when the system divides the annual billing amount by the number of billing periods for the year, to the first or final billing period of the lease.

  You can also split the difference between the first and final lease periods based on a percentage that you enter. The system updates the payment profile records according to the selections that you make.

  Note. The system displays the Payment Balance Allocation form only for leases with a lease term of more than one year.
  
  If you click Cancel or OK without entering any information, the system allocates differences to the first billing period by default.

• The system generates records in these tables in addition to the Recurring Billings Master table (F1502B) and the Billings Generation Control table (F15011B):

  • The Recurring Billing Tag table (F74U02BT).

  • The Payment Profile table (F74U0205).

    The system generates records in this table for each period based on the value specified for the number of years to create payment profile records in the Additional Lease Information.

  • The Accounting Billing Profile table (F74U0212) or the Weekly Accounting Profile table (F740213), depending on the value of the Weekly Accounting Used check box on the Maintain Constants form, which you access from the Additional Company Constants program.

    The system generates records in the appropriate table for each period (or week) based on the value specified for the number of years to create accounting profile records in the Additional Lease Information.

After you enter recurring billing information, you must run the Global Generation program (R74U0210) and post transactions to complete the billing process.

Revisions to Recurring Billing Records

Before you can revise recurring billing records, you must clear the payment and accounting profile records. When you revise the recurring billing record, the system regenerates the payment and accounting profile records based on the new information. If you suspend the recurring billing record manually, the system does not update the status on the payment and accounting profile records. Therefore, you could still generate billing transactions for suspended records because the system selects the records to process from the F74U0205 table, not the F1502B table.

Forms Used to Enter Recurring Billing Information

Note. To access JD Edwards EnterpriseOne Enhanced Real Estate Management objects and screens, you must set the localization code for the United Kingdom to 74U.

Setting Processing Options for Recurring Billing Information (P74U1502)

Processing options enable you to specify the default processing for programs and reports.

Defaults

Edits

Entering Recurring Billing Information

Access the Enhanced Recurring Billing form.

Allocating Billing Balances

Access the Payment Balance Allocation form.