Overview:
Unit Price Billing allows users to create AR Invoices by completing units completed, as opposed to simple lump sum amounts. This method involves charging units out at a pre-determined price. In PENTA, the process for billing via unit price is similar to billing via Lump Sum.
Benefits:
- Provides an accurate record of all financial transactions
- Aids in compiling key financial statements
- Provides the ability to authorize general ledger accounts for one, some, or all organizational units
- Provides subledger requirements and ensures the ledger is always in balance with the subledger details
Roles:
- Accounting Manager
- CFO
Location:
- Billing and Accounts Receivable>Automated Invoice Processing> Contract Completion Billing Purposes
Video: