consolidated billing in AR 11i

[harikumarc1981@rediffmail]

Version R12/11i? =
Instance PROD/TEST/VIS? =
Module? =
OS? =

hi, can any one tell me

1. what is consolidated billing in AR 11 i

2. what is open invoice in AR 11i

thanks

[oteixeira]

Hello.

Consolidated Billing
Use the Consolidated Billing Invoice program to print a single, monthly bill that includes all of a customer?s transactions for the period. This lets you send one consolidated bill to a customer, instead of a separate invoice for each transaction.

Open Invoice
When you create a Transaction Type if Open Receivable is set to Yes, Receivables updates your customer balances each time you create a complete debit memo, credit memo, chargeback, or on-account credit with this transaction type. Receivables also includes these transactions in the standard aging and collection processes.
If you are defining a 'void' transaction type, set Open Receivable to No.

Hope this helps.
Octavio