I am needing to become more familiar with "Monthly Billing" and creating a program that can be generate the process.
The problem: Sale is made, cost 1000.00 with terms that reflect 1 to 12 month billing at signing of contract. Possibly collect a down payment. I need to accrue interest (compute and age receivables) create a monthly invoice, show past due, original contract, and create various reports.
I have a lot of the work allready finished, but as I try to finish, I see my lack of familiarity with this subject is preventing completion.
Is there any resource that explains the processes of this type of billing out there?
Thanks in advance.
Richard
The problem: Sale is made, cost 1000.00 with terms that reflect 1 to 12 month billing at signing of contract. Possibly collect a down payment. I need to accrue interest (compute and age receivables) create a monthly invoice, show past due, original contract, and create various reports.
I have a lot of the work allready finished, but as I try to finish, I see my lack of familiarity with this subject is preventing completion.
Is there any resource that explains the processes of this type of billing out there?
Thanks in advance.
Richard