When does the Billing Schedule Date on an Estimate start?

 

The Billing Schedule Date follows the Exp. Close Date of Estimate

If In Arrears = F, the Billing Schedule starts on the Day of the Expected Close Date.

If In Arrears = T, the Billing Schedule starts a month after the Expected Close Date.

Sample Scenario:

1) Navigate to Transactions > Sales > Prepare Estimates
2) Enter a Customer > Enter Date e.g. 2/2/2012 > Enter Exp. Date = 2/29/2012
3) Items tab > Enter a Service Item, fill in all required fields
4) In the Billing Schedule field > click New:
  - Name - e.g. BS1
  - Initial Amount = 0.00
  - Recurrence Frequency = Monthly
  - Recurrence Count = 12
  - In Arrears = F
  - Save
5) Save the estimate
6) Go to Billing tab

Actual Result: Billing Schedule starts on 2/29/2012