Configure Price Quote (CPQ) CPQ for Administrators Managing Pricing Managing Price Lists and Price List Items Creating Price List Items Current: Defining Tax and Billing for Products PDF Download PDF Download page Defining Tax and Billing for Products. Current page All pages Defining Tax and Billing for Products You can configure all Billing and Tax related information for your product from the Tax & Billing tab.To define Taxes and BillingYou must have an existing price list item.Select an existing price list item, click the more icon (), and click Advanced.Click the TAX & BILLING tab.Enter the following details:FieldDescriptionTaxable?Select this check box if the order is a taxable product or service.Tax Inclusive?Select the check box if the price of the product is inclusive of taxes.Tax CodeLookup to select the relevant tax code.Billing RuleSelect one of the following optionsBill in Advance - To bill your customer before the product is deliveredBill in Arrears - To bill your customer after the product is deliveredReady for Billing Date - To bill your customer on the Ready for Billing Date you defined for the Order Line ItemPayment on Receipt - To bill your customer when the invoice is presented Billing FrequencySelect one of the following optionsMonthly - To generate a bill once every monthQuarterly - To generate a bill once every three monthsYearly - To generate a bill once every yearUsage - To generate a bill based on usageMin Usage QuantityIf you defined the Billing Frequency to be usage based, enter a value to set the minimum quantity of billable consumption.Max Usage QuantityIf you defined the Billing Frequency to be usage based, enter a value to set the maximum quantity of billable consumption.Click Save. ×