The IB module has a flexible mechanism for raising, tracking, and controlling the profit that you collect and the charges that you levy. These may be on a cash or account receivable basis. They can be collected either in advance or arrears and can be accrued or non-accrued.

Profit can be collected either as a rate or as a flat amount. Standard Profit rates can be defined for each bill type. Changes that you effect to fields like the base date, exchange rate, or account numbers require reversal entries. The system generates reversal entries for the corrected amount, account, rate, and so on.