D-BIT Billing
When a company has an agreement with it’s clients to supply goods or services over a period of time, D-BIT Billing allows you to define the charges that are to be raised, the billing frequency and the method of calculation. (eg. Fixed rate, Quantity X factor, Units of usage).

D-BIT Billing will automatically raise customer invoices at the right time and perform revenue recognition.
D-BIT Billing features:
Supports an unlimited number of contracts, each having an unlimited number of charge lines.
Each contract is assigned to a customer. The assigned customer will be billed for the charges attached to the contract.
Customer changes may be advised in advance. The system will automatically direct the invoice to the correct customer at the advised time.
Contract billing frequency determines when a customer invoice will be raised.
If billing in advance for multiple fiscal periods, the system will correctly recognise revenue.
Group contracts by Tax Authority, Sector and Area for reporting or discounting purposes.
Year to Date billing statistics held for each contract.
Each charge is an independent system object. It has its own billing frequency that may be different to the contract invoice frequency. You can also mix charges billed in advance with charges billed in arrears (eg. Rental and Services) on one contract.
Standard charges define default rules – define the math for calculating a charge
Calculation of charge value is displayed on-screen in ‘calculator’ format.
Tax Authority, Sector and Area for a charge may override the defaults set on the host Contract.
Charges may start and end at any time – charges do not necessarily span the entire contract period.
Extended description can include information that is only known only at the time a charge is generated (run-time).
Year to Date billing statistics held for each charge on each contract.
Complete record if data input. If a metered asset, the asset number being metered is also recorded.
Credits can only be issued against invoice lines.
Credits may appear as negative invoice lines or be generated on separate credit notes.
User defined invoice and credit note print specifications.
Export/Import to and from popular data manipulation products. (MS-Excel).
Smallest unit of time is one day.
Maximum duration of a contract is 999 years.
General Ledger Integration
When D-BIT Billing is integrated with a General Ledger, the system will raise appropriate credit and debit transactions whenever a charge is raised on an invoice to a customer. You may elect to have D-BIT Billing consolidate these entries (by date/account) before releasing them to the General Ledger.
Accounts Receivable Integration
When D-BIT Billing generates invoices, and Accounts Receivable integration is specified, the system will generate an electronic file for your Accounts Receivable system, recording invoices and amounts due.
Fixed Assets Integration
Integrating D-BIT Billing with the D-BIT Fixed Assets System will greatly enhance the functionality of the Billing system as you will be able to draw from any information maintained within the complete Asset Register.