Accured Receivable Transaction Type

The only interaction this transaction has with other Accounts Receivable transactions is with the Receivables (RE) transaction. When revenue that was originally entered with the Accrued Receivable (ARE) transaction becomes billable, enter a regular Receivable transaction and reference the existing Accrued Receivable transaction. The revenue amount will be changed from Unbilled Earned Revenue to Billed Earned Revenue on the Revenue Budget table.

The Accrued Receivable (ARE) transaction:

• Does not have any functionality related to billing and collection (for example, there is no billing profile, no due date, and no finance charges on this transaction).

• Is not referenced by a Cash Receipt (CR), Referral to Collection Agency (CL), or Write-off (WO) transaction.

• Is not subject to intercept.

• Does not cause the system to generate an invoice or a statement when this transaction is finalized.

• Supports the regular receivable type only; it does not support the summary receivable type.

You must enter a valid customer code in the Vendor Customer Code field on the Accrued Receivable (ARE) transaction so that if later you need to enter a Receivable (RE) transaction for this revenue the customer code will match. (You can however enter a miscellaneous customer code.) Since the purpose of this transaction is to record revenue without billing the customer, the customer name and address information is optional.

The Accrued Receivable (ARE) transaction supports negative accounting lines to meet requirements for Federal Reimbursement.

The ARE Transaction Type has the following Transaction Code.