Billing Codes

introduction a billing code is a unique identifier used for invoicing that creates accounting settlements automatically it consists of two components a charge (descriptive text) and an accounting configuration or blueprint the blueprint guides logic in creating settlements whenever the charge is used, forming the billing code concept billing codes automate accounting settlements for client and service provider invoices, saving time on data entry from the administrative perspective in this tutorial, we will learn how to add billing codes and how they aid the automation process conditions you need an account categorized under profit & loss category, as well as the account type defined as subtotal and/or vat to learn more about the chart of accounts, click here guided steps what i learned depending on the country you are logged into the system, the number and type of tax fields may vary existing billing codes cannot be edited, only deleted there are cost and revenue charges in the billing codes, and they are treated differently