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What is the meaning of the below concepts from Transaction Type window ?

1) Open Receivables in Transaction type window.
2)Unbilled account in transaction type window.
3)Unearned account in transaction type window.

Please give me reply as soon as possible.

Thanks,

Madhu S Reddy.

1. If you check the 'Open Receivable' checkbox, then the customer balance will be updated in AR. For example, if you want to create invoice only for printing (Proforma Invoice), then you can uncheck this checkbox so that customer balances will not be updated for these kind of invoices.
2. Unbilled revenue account will be used if you are using invoice rule as 'Arrears' in AR invoice. i.e you are creating invoice now for the service done for the prior periods also.
3. Unearned revenue account will be used if you are using invoice rule as 'Advance' in AR Invoice. i.e, you are creating advance invoice for which the service needs to be done for the future periods.

Cheers,
Saravanan TG

Sorry that there was a mistake in my previous post. Please read "Unbilled revenue account" as "Unbilled Receivable Account".

Cheers,
Saravanan TG

Thanks for reply