When you perform a midcycle amendment on an invoiced asset, Billing Management creates two billing schedules:

  • A negative billing schedule for the credit amount and
  • A new billing schedule to reflect the price changes. 

For example, you are the billing administrator for a hardware company. You have billed and invoiced your client quarterly for products worth $3,000 per quarter. The billing schedules are as follows: 

Billing ScheduleStart Date

End Date

Fee AmountStatus
BS1

 

 

$3,000Invoiced
BS2

 

 

$3,000Invoiced
BS3

 

 

$3,000Invoiced
BS4

 

 

$3,000Invoiced

On 01 May 2019, you perform an asset amendment to provide a price mark of 50%. After order activation, you see the following billing schedules:

Billing ScheduleStart Date

End Date

Fee AmountStatus
BS5

 

 

-($2,000)Pending Billing
BS6

 

 

$3,000Pending Billing
BS7

 

 

$1,500Pending Billing
BS8

 

 

$1,500Pending Billing

Here, $2,000 is credited back to the customer for the months of May and June. BS7 is created for the months of May and June with the new markup amount. 

Instead of having a negative billing schedule, you can invoice your customers directly for the delta amount. 

Creating a Single Delta Billing Schedule

With Single Delta Billing Schedule, you can invoice your customers with a single billing schedule that reflects the delta amount of the amendment. 

To create a single delta billing schedule for mid-cycle asset ammendments, Select Create Single Delta Billing Schedule from Billing System Properties

When you perform the same amendment on the above example, with Create Single Delta Billing Schedule set as true, you see the following billing schedules:

Billing ScheduleStart Date

End Date

Fee AmountStatus
BS5

 

 

$1,000Pending Billing
BS6

 

 

$1,500Pending Billing
BS7

 

 

$1,500Pending Billing

A single billing schedule BS5 is created for the delta quantity of $1,000 ($3,000 - $2,000).