Billing Schedule Amendment

When an ABO amendment is applied to the underlying Billing Schedules of an Asset Line item, a new set of Billing Schedules is generated for the Start and End Dates of the amended Asset. The existing Billing Schedules that correspond to the new Schedules are evaluated and the collective set of Billing Schedules are updated accordingly. How an existing Billing Schedule is evaluated and which schedule updates are performed is a function of whether or not the existing Schedule pertains to a partial period or a full period. Following examples will help you understand how amendment impacts the Billing Schedules.

Mid-cycle Amendment with Pending Billing Schedules

Before Amendment

Billing Day of Month = 1st
Billing Frequency = Monthly
Net Price = 400.00 i.e. 100.00 per month

Schedule	Period Start	Period End	Status	Fee Amount
BS1	3/1/2015	3/31/2015	Pending Invoiced	100.00
BS2	4/1/2015	4/30/2015	Pending Invoiced	100.00
BS3	5/1/2015	5/31/2015	Pending Billing	100.00
BS4	6/1/2015	6/30/2015	Pending Billing	100.00

After Amendment

Date of Amendment = 4/16
Net Price = 500.00 for 2.5 months i.e. 200.00 per month

Schedule	Period Start	Period End	Status	Fee Amount	Superseded
BS1	3/1/2015	3/31/2015	Pending Invoiced	100.00
BS2	4/1/2015	4/30/2015	Superseded	100.00	Yes
BS5	4/1/2015	4/15/2015	Pending Billing	50.00
BS6	4/16/2015	4/30/2015	Pending Billing	100.00
BS3	5/1/2015	5/31/2015	Superseded	100.00	Yes
BS7	5/1/2015	5/31/2015	Pending Billing	200.00
BS4	6/1/2015	6/30/2015	Superseded	100.00	Yes
BS8	6/1/2015	6/30/2015	Pending Billing	200.00

Mid-cycle Amendment with Invoiced Billing Schedules

Before Amendment

Billing Day of Month = 1st
Billing Frequency = Monthly
Net Price = 400.00 i.e. 100.00 per month

Schedule	Period Start	Period End	Status	Fee Amount
BS1	3/1/2015	3/31/2015	Invoiced	100.00
BS2	4/1/2015	4/30/2015	Invoiced	100.00
BS3	5/1/2015	5/31/2015	Invoiced	100.00
BS4	6/1/2015	6/30/2015	Pending Invoiced	100.00

After Amendment

Date of Amendment = 4/16
Net Price = 500.00 for 2.5 months i.e. 200.00 per month

Schedule	Period Start	Period End	Status	Fee Amount	Superseded	Credit Schedule
BS1	3/1/2015	3/31/2015	Invoiced	100.00
BS2	4/1/2015	4/30/2015	Invoiced	100.00	Yes
BS5	4/16/2015	4/30/2015	Pending Billing	-50.00		BS2
BS6	4/16/2015	4/30/2015	Pending Billing	100.00
BS3	5/1/2015	5/31/2015	Invoiced	100.00	Yes
BS7	5/1/2015	5/31/2015	Pending Billing	100.00
BS4	6/1/2015	6/30/2015	Superseded	100.00	Yes
BS8	6/1/2015	6/30/2015	Pending Billing	200.00

Since the amendment is mid-cycle and the April Billing Schedule (BS2) has been invoiced it will be marked as superseded and will be augmented with two new Billing Schedules.

The 1st Billing Schedule (BS5) reflects the amount (at the old rate) that was invoiced for the partial period at/after the amendment date and will appear as a credit when an Invoice is generated. Please note that the credit has a reference back to the source of the credit (BS2).
The 2nd Billing Schedule (BS6) reflects the increased amount for the partial period that was amended and will appear as a charge when an Invoice is generated.