Generating Weekly Billing Schedules
The alignment of billing schedules depends on the values specified on the Billing Preference object. You can generate yearly, half-yearly, quarterly, monthly, or weekly billing schedules. To generate weekly billing schedules, you need to set Billing Frequency as Weekly in PLI and Selling Frequency as Yearly or Monthly. In Billing Preferences, you can set Billing Cycle Start as Period Start Date or Billing Day of Week. If you set Billing Cycle Start as Period Start Date, the first weekly schedule starts from the first date of your contract term, and your entire contract term is divided into weekly schedules. If you set Billing Cycle Start as Billing Day of Week, the billing schedules are aligned based on the value defined in Billing Day of Week. For example, if your contract term is 01 Jan 2021 to 31 Jan 2021,
- If you set Billing Cycle Start as Billing Day of Week and Billing Day of Week as Monday, billing schedules are generated as follows:
- If you set Billing Cycle Start as Period Start Date, billing schedules are generated as follows: