Select the true statement about Balance Forward Billing.
A.
Balance Forward Bills tan be created for a future date.
B.
Transactions included on a Balance Forward Bill can be updated.
C.
Balance Forward Bill must be enabled at each bill-to site level.
D.
Balance Forward Bill of a previous cycle need NOT be generated as Final to generate the balance
Forward Bill of the current cycle.
Explanation:
Bill Consolidation at Account or Site Level
You can generate bills consolidated at either the customer account or site level:
Account-level balance forward billing lets you generate one bill for each business unit of the
customer account, addressed to the primary bill-to site of the account.
Site-level balance forward billing lets you generate a balance forward bill for each bill-to site of a
customer with multiple bill-to sites.
You can exclude a site from a balance forward bill by disabling balance forward billing on the
customer profile of the site.
Note:
* We must enable balance forward billing for a customer both at the account and site profile level in
order for Receivables to pick any transactions of the customer. If balance forward billing is enabled
at the site profile level but not at the account profile level, the application does not recognize the
site as a balance forward billing site. Although transactions for the site continue to inherit the
balance forward billing payment term, Receivables never picks them up.Fusion Applications Help, Balance Forward Billing: Explained