INVOICING RULE INRECEIVABLES
Overview of Invoicing Rule Invoicing Rule:Determine the accounting period or periods in which the revenue distributions for an invoice line are recorded.1)In Advance:Use this rule to recognize your receivables immediately.2)In Arrears:Use this rule if you want to record the receivable at the end of the revenue recognition schedule. Recognizing Revenue:Revenue is recognized according to the … Read more