Billing Schedules for Incremented Assets
As a Sales rep, you can increase the quantity of an asset and bill your customer for the incremented asset as a separate asset. Separate billing schedules are created for the incremented asset.
Use Case: Creating Billing Schedules for an Incremented Asset
Description: This use case describes how billing schedules are created when you increase the quantity of an asset.
Suppose you are a customer service representative for a software company and you change the license quantity for an asset from 1 to 4. Before you change the asset quality, you see the following billing schedules:
Schedule | Period Start | Period End | Status | Fee Amount |
|---|---|---|---|---|
BS1 | 1/1/2019 | 3/31/2019 | Pending Billing | $90.00 |
BS2 | 4/1/2019 | 6/30/2019 | Pending Billing | $90.00 |
BS3 | 7/1/2019 | 9/30/2019 | Pending Billing | $90.00 |
BS4 | 10/1/2019 | 12/31/2019 | Pending Billing | $90.00 |
To create billing schedules for the incremented assets
- From an ABO Quote, click Configure Products.
- On the cart page, click Installed Products.
- Select your asset and click Change > Quantity.
- In the Change quantity by field, increase the quantity by 3 by clicking the + icon. The New Quantity field displays the updated quantity immediately.
- Select the appropriate Cotermination option. For details on Cotermination option, see Managing Asset Increment with Coterminate Lines.
- Enter the Start Date and End Date.
- Click Go to Pricing. An asset line item with status Incremented and quantity as 3 is created.
- Finalize the Cart.
- Accept the Quote/Proposal and activate the order.
A new asset is created with Quantity as 3 and status as Incremented.
- 3 Billing Schedules are created as follows:
Schedule
Period Start
Period End
Status
Fee Amount
BS5
1/1/2019
3/31/2019
Pending Billing
$270.00
BS6
4/1/2019
6/30/2019
Pending Billing
$270.00
BS7
7/1/2019
9/30/2019
Pending Billing
$270.00
