Balance Forward Billing (BFB)

In EBS R11i we call it as consolidated billing
In EBS R12 Balance forward billing
In fusion Balance forward billing (BFT) we can used for consolidate billing purpose

Instead of billing the customer for each and every transaction separately multiple transactions you can take in to one bill generation by using this balance for billing functionality

Now if you want to create the consolidated bill for multiple transactions against the specific customer what setups we have to do

Create balance forward billing cycle (Here we will specify how often we do the billing to the customer)
Create BFB payment terms
Create BFB customer profile class
Crete BFB new customer and assign profile class to customer
Create few transaction
Run “Balance for Billing” report

When we compare with the EBS in system options level we have one show billing number option if you enable this for each transaction system will display along with the transaction number it shows that invoice is part of which balance for billing the number it will be displaying but in fusion we don’t have option

1. Create balance forward billing cycle

Go to setup and maintenance
Setup: Financials
Functional area: Customer billing
Task : %Manage% balance% forward% billing% Cycles%
Select Manage Balance Forward Billing Cycles
Click on + to create cycle
Give the name, frequency, repeat every and date of month
Click on Done

2. Create payment terms for BFB

You can create the new one or use the old one but we have to assign BFB in that we have to assign
After creating the Balance forward billing in how many days customer has to pay the bill from the bill generation that depends on the payment terms so that is you can specify here

Creation

Go to setup and maintenance
Setup: Financials
Functional area: Customer billing
Task : %Manage% receivables % Payment %
Select Manage Receivables Payment Terms
Click on + to create payment terms and give the details
Billing cycle is mandatory for this
Click on save and close
Depends on due days that bills payments will done

Query the existing one

Go to setup and maintenance
Setup: Financials
Functional area: Customer billing
Task : %Manage% receivables % Payment %
Select Manage Receivables Payment Terms
Query the existing one and give the Billing cycle
Select and open that payment
Save and close

3. Create customer profile class for BFB

You can create the new one or use the old one but we have to assign BFB in that we have to assign

Creation

Go to setup and maintenance
Setup: Financials
Functional area: Customers
Task : %Manage% Receivables% customer%
Select Manage Receivables customer profile classes
Click on + icon to customer profile class
Give the details like name and under profile class give the collector name and enable the balance forward billing option and give the bill level and type
Give the payment terms which we defined for BFB under terms tab and give the statement cycle under statement and dunning
Under Balance Forward Billing we have
Bill level in that we have two options 1. Account 2. Site Account means Only bank account wise it will apply, site means site level it will apply.
Bill Type : details and summary
Save and close

Query the existing one

Go to setup and maintenance
Setup: Financials
Functional area: Customers
Task : %Manage% Receivables% customer%
Select Manage Receivables customer profile classes
Query the existing customer profile class
Select and open it and enable the Balance forward billing
Save and close

4. Crete new customer BFB and assign profile class to customer

You can create the new one or use the old one but we have to assign BFB in that we have to assign

Query the existing customer

Go to setup and maintenance
Setup: Finance
Functional area: Customers
Task : %Manage% customers%
Select Manage Customers
Query the existing one and go to sites tab
Click on site go to profile history tab select the existing one and give the end date for that and go to action click on correct and assign the new customer profile class
Save and close

5. Create few transaction

Create few transactions for check the result here I am creating the 3 invoices with 10k,20k and 30k

6. Run “Balance for Billing” report

Go to ESS page
Click on Task list
Click on Search
Search the task called “Create Balance Forward Bills”
Give the details and submit
Click on Submit
Check the results it will run the two reports check the last report
Check the results
Billing number will generate in EBS invoice level will show
Here can see the invoice transaction numbers with amounts
This is the amount we have to pay to customers

Namburi Satish Babu