What is meant by Accounting functions?
The billing functions refer to the processes and tools integrated into software or a system to carry out the billing of products or services.
Typical billing functions may include:
- Invoice creation
- Pricing and tariffing
- Discount and offer management
- Currency conversion
- Automatic debits
- Payment tracking
- Integration with payment gateways
- Dunning management
- Accounting and financial reporting
- Compliance
