Billing Overview

The iMIS Billing feature enables you to process billing and record- related cash receipts for all categories of customers, whether your processing requirements are simple or sophisticated.

The four main functions of the Billing feature include the following:

• Producing billing documents, including Reminder Notices, Renewal Notices, and reports.
• Recording billing payments.
• Tracking long-term subscriptions and payment histories.
• Customizing your billing and renewal processes to fit the needs of your organization.

The Billing system is designed to manage the billing process for cyclical-type products. Cyclical products typically include dues, magazine and journal subscriptions, as well as other products that cover a set time period before becoming eligible for renewal. Billing manages mass renewal processing to bill a group of customers whose cyclical terms are nearing expiration as well as the individual on-demand billing of customers for either renewal or initial billing purposes. For new customers the billing process can be streamlined to be processed simultaneously with recording the payment for the products in a one-step approach

Billing can accommodate a variety of billing situations and scenarios, including those discussed in the following sections.

More:
Dues billing versus non-dues billing
Annual versus anniversary billing
Cash-based versus accrual-based accounting
iMIS Billing terminology
Navigation for Billing
Understanding the billing process
Billing product codes
Billing cycles
Customer renewal notices
Billing reports
Renewal billing and payment workflow