Download page Billing Schedules for Renewed Assets.
Billing Schedules for Renewed Assets
To define the Renewal Date on the Confirm Renewal page, select from one of the following options.
Contract End Date - if you want to renew the asset on the date the contract expires.
Asset End Date - if you want to renew the asset on the date the asset expires.
Farthest End Date- if you want to choose the farthest end date out of all the selected Asset Line Items and apply this date to all the Asset Line Items.
Renewal Date - use the calendar to define a custom date to renew the asset.
The date you enter here determines the billing period for the Renewed asset. The new Billing Schedules for a renewed asset are in the Pending Billing state by default. Each renewed asset has such Billing schedules that CPQ creates automatically when the asset is activated.