Accured Receivable Transaction Type
The Accrued Receivable (ARE) Transaction Type allows you to record revenue that is not billable. Use this transaction when you do not intend to bill the customer, but rather to record the revenue on a timely basis. This transaction provides a subset of the functionality available with the Receivable (RE) 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.
Entering Customer InformationEntering Customer Information
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.
Negative Accounting LinesNegative Accounting Lines
The Accrued Receivable (ARE) transaction supports negative accounting lines to meet requirements for Federal Reimbursement.
For detailed information on each of the tabs that exist on the ARE, refer to the following topics:
Accrued Receivable Delivered Transaction CodeAccrued Receivable Delivered Transaction Code
The ARE Transaction Type has the following Transaction Code.
Transaction Name |
Transaction Code |
Intended Use |
Accrued Receivable transaction |
ARE |
The purpose of the Accrued Receivable (ARE) transaction is to record revenue that is not billable. Use this transaction when you do not intend to bill the customer, but rather to record the revenue on a timely basis. |
Related Topic(s):
For a description of the delivered event types allowed for the ARE transaction type, please refer to "Accounts Receivable Accounting Model" under the Accounting Model Delivered Configuration topic in the CGI Advantage - Financial Administration User Guide.
