System Parameters - Accounting Basis
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Accounting Basis controls how your clients will be billed - either in advance or in arrears.
To access the Accounting Basis settings:
- Select System from the toolbar.
- From the dropdown, select System Parameter.
- Finally, select Accounting Basis.
From here, you can select from 3 options:
- Actual - Billing in arrears based on the actual charges posted in a specific period.
- Budgeted - Billing in advance based on the budget created for a specific period. You can run a Budget Reconciliation at the end of the period.
- Actual + Budgeted - Billing in arrears, but with a budget available for reference purposes on the development.
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