Category: (2) TAM Application Type
Application Identifier: 5.15.7
Maturity Level: 4
Invoice Generation provides the means to calculate the balance due for an invoice/bill. In addition, it assembles charges, credits, taxes, fees and adjustments that affect the balance due. Subtotals and totals are also calculated at various levels.
Invoice Generation provides the means to calculate the balance due for an
invoice/bill. In addition, it
assembles charges (including charge distribution- charges incurred by other
customers), credits, taxes, fees and adjustments that affect the balance
due. Subtotals and totals are also
calculated at various levels.
Invoice Generation provides appropriate level of detail regarding the
items on the invoice to accommodate revenue reporting needs. It also provides the detail necessary to
Bill Format & Render (or Transactional Document Production) to produce a
complete customer bill.
During the course of assembling items include in the customer bill,
invoice generation will invoke Tax Calculation in order to determine taxes on
the applicable items and include the taxes in the amount
due.