Recurring Billing for Legacy Assets
Recurring billing refers to the uniform distribution of the net amount of a contract over a period of time, based on the chosen billing frequency.
The net amount is distributed over a series of Billing Schedules for recurring products. Each schedule displays the amount that may be invoiced for a specific duration based on billing frequency and the date when payments are due based on the payment term. In addition, Conga Billing generates an "Informational" billing schedule for the amount already invoiced in the legacy system.
Warning: If you have not billed the customer in a consistent
fashion in the legacy system, Conga Billing creates a redundant billing schedule to
introduce a "Catchup amount". For more information on the catchup amount, see to Understanding "Catchup" schedule in the
Legacy Billing Period.
