The first two of the next four policies relate directly to the act of issuing an invoice or credit memo, while the third and fourth policies assist in adopt­ing consistent revenue recognition practices that are tied to billings. The adoption of these policies assists in enforcing various control systems de­scribed in this chapter. The policies [...]

Additional technology and management concepts can be built on top of the basic computerized billing system described in Section 5-2 to improve the speed of billing delivery. However, since there are so many different sys­tems in use, they are not described here as a single integrated system. In­stead, each one receives a separate description and [...]