BILLING TERMS

This is an automated batch function that begins with the selection billable movements and ends with a billing document, an invoice form, accounting entries and billing outputs for the required downstream applications.

• INVOICING

• BILLING

• BILLING REQUEST

• BILLING TOOL

This is a step within the billing batch process that runs automatically where each billing document triggers the invoice from generation steps according to the business data requirements.

• INVOICING

• BILLING

• SYSTEM INVOICE

• INVOICE

Refers to the precision and completeness of the information included in an invoice, particularly when compared to the original order or agreement between parties. An accurate invoice is typically defined as one that is 100% accurate, requiring no further attention or resubmission.

• ACCURATE INVOICING

• BILLING ACCURACY

• INVOICE ACCURACY

• SYSTEM INVOICE

is an invoice which is generated automatically from the invoicing system, which includes charges billed in the billing system (CFT/s). Only billing processed in CFT/s flows to revenue on IBM's ledger. The appearance of the charges on the system invoice can be tailored, depending upon the options available for each billing type.

• MANUAL INVOICE

• INVOICE

• INVOICE DOCUMENT

• SYSTEM INVOICE

This is an invoice which is not generated automatically from the invoicing system, but which is manually prepared.  It is used when the system invoice can not meet client requirements, and provides a method for client payment, but NO revenue flows to IBM's ledger. 

• SYSTEM INVOICE

• MANUAL INVOICE

• DUMMY INVOICE

• INVOICE

is processed either manually or automatically (depending upon the billing approval tool) against a previously issued invoice, to ensure that the invoice or credit note is in line with contract signed and it is issued accordingly with Market fiscal/legal rules. 

• CREDIT / CREDIT NOTE

• BILLING ADJUSTMENT

• CREDIT / REBILL

• CREDIT INVOICE

This may be required based upon the settings in the client's CMR (Customer Master Record).

• PURCHASE ORDER (PO)

• ORDER

• PURCHASE INVOICE

• GPO

This is the last day of each month's billing cycle for processing billing to be included in the current month's system invoice.  Also referred to as 2X, which is the 2nd to last day of the billing month.

• CLAIM CLOSE

• BILLING CLOSE

• ACCRUAL CLOSE

• SIGNINGS CLOSE

This is a service type and also referred to as Time & Materials or T&M:  This billing type uses hours approved in ICLA, which flow to the billing system to be processed at month-end billing close. 

• BEST ESTIMATE

• INCIDENT

• FIXED PRICE

• MANUAL INVOICE

These are the charges that deduct from available billing backlog when processed.

• NON-SCHEDULED CHARGES

• SCHEDULED CHARGES

• TRAVEL EXPENSE

• REIMBURSEMENT