AR Invoicing/Accounting Rule
I have setup a payment term to do so.
What I would like to know is, Since we are collecting payments on a monthly schedule, should I also setup the Invoicing/Accounting Rule (12 months schedule) to recognize monthly ?
OR
Invoicing/Accounting Rules are completely independant from Payment term 12 months, and it need not be setup. If I dont set up the rule, Will I have trouble while reconcilling in GL ?
Please clarify.
Thanks -Josh