Automatically generate accurate invoices
Timely and accurate billing is the lifeline of any business. Honeycomb®ERP Billing provides a completely integrated application for automatically generating all your essential customer billing documents.
Timely Revenue Collection
Billing links sales contracts and orders of all types with Honeycomb®ERP Accounts Receivable to provide you with the capability of instantly generating invoices and customer billing information. Processing starts as soon as a sale is made or a service is rendered. For greater flexibility, the system supports both sales order billing and contract or project billing, including progressive billing and recurring invoices. Advanced invoicing supports service and maintenance contracts with deferred revenue recognition. Final price, extensions, discounts, taxes, and expenses are all automatically figured in and itemized to create accurate customer invoices.
High-Volume Invoice Generation
To simplify the processing of large volumes of documents, the system prompts you to approve eligible shipped orders or delivered contracts for the purpose of generating and printing invoices, credit memos, and debit memos. The actual printing process itself is under batch control and generates a complete audit trail.
Financial Impact Visibility
The billing process generates all the necessary financial posting information to update both Honeycomb®ERP Accounts Receivable and Honeycomb®ERP General Ledger. Online inquiries provide customer account and document status, including the latest balances and transaction details.
Simplified Tax Reporting
Tax detail and summary reports as per local laws, provide information on taxable and non-taxable sales and tax amounts by taxing authority. Financial reports provide detailed postings to the General Ledger.
Integrated Reporting System
In addition to basic invoices and other billing documents, key audit and control information, such as sales data, expenses, taxes and financial impact, are generated for processing in other applications. Fully detailed data is captured and used by the Accounts Receivable subsidiary ledger, Sales Analysis reporting and the General Ledger system.
Multinational Capabilities
Billing supports multinational capabilities for document generation and posting in foreign currency. This provides the necessary information to account for the exchange rate variances that occur between the time a sales order is shipped, billed and paid and the time when the actual bank deposit is made.
The system also provides complete Sales Tax and Income Tax accounting with local and international addressing as well as other international requirements.
Billing Methods
- By sales order, shipment, or consolidated orders.
- Progress billing triggers by project task, relative dates, and delivery of materials or services
- Recurring invoices support period billings such as leases and loans.
Billing Documents
- Creation of invoices, credit and debit memos.
- Direct online creation or offline batch generation mode.
- Batch selection by sales order, customer, or all available orders.
- Multiple sales orders per invoice.
- Comments on header, line, and bottom of document.
- Customer billing location.
- System- or user-assigned document control numbers.
- Currency with exchange rates.
- Item and service number, description, and quantities shipped.
- Extended monetary amounts for costs and prices in detail and total
- Additional charges and expenses.
- Discount and rebate calculation.
- Sales, excise and other taxation.
- Packing, shipping, and bill of lading information.
- Financial Accounting codes for integrated financial postings.
Document Printing
- Online mode for printing selected documents.
- Offline batch mode by queue for volume printing.
- Duplicate billing without general ledger posting.
Billing Policies and Control
- Odometer for invoices, credit and debit memos
- User-defined aging periods
- Service charge options
- Sales tax and sales tax policies
Fiscal Calendar Period Roll
- Confirm new fiscal period control dates
- Define dates for secured out-of-period transactions
- Roll to new fiscal year
Inquiries and Reports
- Individual Invoice with document search
- Individual credit and debit memo with document Search
- Billing document register
- Tax detail
- Tax summary
- Period financial impact
- Odometers and policies
- Billing authorization