Term | Definition |
|---|
Account | Any organization, company or consumer that a user wants to track as a customer, partner, or competitor. |
Billing Cycle Start | Any day on which you want to bill your customers. Billing schedules are aligned on the basis of the billing cycle start. |
Billing Day of the Month | The day of the month on which you want to bill the customer. |
Billing Frequency | Dictates how the total contract value is distributed and billed over time. |
| Billing Plan | A plan used when you want a customized billing arrangement. You can create a billing plan when you want to bill a customer over certain periods throughout the year or on achieving a predefined milestone. |
Billing Preferences | Drives the generation of Billing Schedules. The Billing Preference that you define determines: - Billing schedule alignment based on the billing cycle start day
- If informational billing schedules are created or hidden
|
Billing Rule | Determines the date on which an invoice will be generated for a billing schedule. |
Billing Schedules | For a product, billing schedules are a distribution of the net amount of a contract, based on the chosen Billing Frequency. |
Credit Memo | A Legal document that states the credit balance. It is issued to counterbalance current invoices or apply to future invoices. |
Custom Invoice Numbering | Lets you customize your invoice numbering by adding dynamic prefixes and suffixes. |
| Delayed Usage | A functionality that allows you to process usage after the end of the contract. |
| Dunning Policy | The process of methodically communicating with customers to ensure the collection of accounts receivable. It is a formalized notification process to follow up and collect the money owed by the customer. |
| Evergreen Asset | An asset without an expiration date. The asset is billable forever until the subscription is cancelled (evergreen billing). |
Invoice Run | A batch job for generating invoices in bulk. |
Invoice Template | Used to generate an Invoice document. |
Invoice | A list of products or services provided, with a statement of a sum due for each product or service sold. |
Payment Term | An object used to calculate the invoice due date from the invoice date. |
Proration | How a billed amount is distributed over partial billing cycles. |
| Same Day Cancellation | An option to cancel an asset on the same day. |
| Split Invoice | You can split your customer's invoice into two or more invoices. Splitting an invoice is useful when your customers want to spread their payments across multiple invoices. |
Related A/R Transactions | When any payment is made using any third-party payment solution, the payment detail (such as amount, mode, date and other information) is passed on to the Conga Billing Management system and registered as a Related A/R Transaction that corresponds to that transaction type. |
Usage Input | An object used to record the usage quantity consumed within a specific duration. |
Usage Rating Batch Size | A field that contains the numeric value of Usage Inputs to process per batch when rating the usage. The default value is 200. |
Usage Schedule | Detailed usage rating information, including the current total rated quantity. |
| Wallet Manager | A custom button on the UI which allows you to manage funds in your wallet. |