While performing an ABO action, you can also change the standard billing frequency of your asset to a custom billing frequency. You can define a custom billing frequency using a billing plan. For example, you are a customer service representative for a software company and you must change the Billing frequency from Monthly to three equal installments for a customer's software subscription plan, mid-cycle on  .

This functionality is only supported for Billing Plans with Type as Full Term. 

Prerequisite

Before you change the Billing frequency of the subscription from Quarterly to three equal installments, you see the following Billing Schedules.


SchedulePeriod StartPeriod EndStatusFee Amount
BS1

 

 

Invoiced$75.00
BS2

 

 

Invoiced$75.00
BS3

 

 

Invoiced$75.00
BS4

 

 

Pending Billing$75.00
BS5

 

 

Pending Billing$75.00
BS6

 

 

Pending Billing$75.00
BS7

 

 

Pending Billing$75.00
BS8

 

 

Pending Billing$75.00
BS9

 

 

Pending Billing$75.00
BS10

 

 

Pending Billing$75.00
BS11

 

 

Pending Billing$75.00
BS12

 

 

Pending Billing$75.00

Changing Standard Billing Frequency to Custom Billing Frequency

  1. Clone your Quote/Proposal.
  2. Click Configure Products. 
  3. From the cart page, click Installed Products.
  4. Select your asset and click Change → Configuration. 
  5. Enter Change Date as  .
  6. Finalize your cart.
  7. From the Quote/Proposal page, click New Billing Plan.
  8. Select your line item and click Next. 
  9. Enter the following details for the Billing Plan:
    1. Plan Type: Full Term
    2. Billing Method: Split Evenly
    3. Number of Installments: 3
  10. Enter Ready for Invoice Date and click Finish.
  11. Accept your Quote/Proposal. 

Result: 

Billing Schedules BS4 to BS12 are Cancelled.

3 new Billing Schedules are created and the remaining Fee Amount of $600 is equally disturbed as:

SchedulePeriod StartPeriod EndStatusFee Amount
BS13

 

 

Pending Billing$200.00
BS14

 

 

Pending Billing$200.00
BS15

 

 

Pending Billing$200.00