Use the Complete Bill button in the Bills Receivable window to complete a bills receivable transaction. Similarly, You can return a completed bill receivable to the status Incomplete by using the Incomplete Bill button.

To complete a bill receivable, you must:

• Enter all required information for the bill.
• Assign transactions to the bill. Transactions must have the same currency as the bill, and all transactions must have the same exchange rate.
• Assign transactions up to the designated maximum amount of the bill, if applicable.

If the bill requires customer acceptance, completing the bill changes its status to Pending Acceptance. While a bill receivable has the status of Pending Acceptance, Receivables reserves the transactions that are assigned to the bill. When you receive written acceptance from the customer, you can update the bill using the Accept Bill button.

If the bill does not require customer acceptance, completing the bill changes its status to Pending Remittance. Receivables records the first accounting for the bill, the assignments reduce the amount due on the exchanged transactions, and the bill appears in the customer’s outstanding balance.

If you are using document sequences, Receivables ignores the Document Number Generation Level system option and generates the document number when you complete the bill receivable. If you want the document number and bill receivable number to be the same, check the Copy Document Number to Transaction Number box in the bills receivable transaction batch source.

Returning a Bill Receivable to Incomplete Status

You can return a completed bill receivable to the status Incomplete by using the Incomplete Bill button. This action applies only to these types of bills receivable: 

• a bill that requires acceptance with the status Pending Acceptance,
• a bill that does not require acceptance with the status Pending Remittance.