If you use Conga Billing, you must consider the impact of each asset action, Renew, Change, Swap or Terminate has on the Billing and Invoicing of the purchased products. While the impact of asset actions on Billing Schedules are detailed in this guide, you must also consider the following definitions before you make any changes to an asset.
Period Start Date
|The date you want to start billing your customer for this purchase.|
Period End Date
|The date you want to stop billing your customer for this purchase.|
|Proration Period Treatment|
The way of calculating the proration period.
It must be set to Separate Period.
The rule you defined to either Bill in Advance or Bill in Arrears.
|Billing Day of the Month|
If you have configured Billing Preference with Account Billing Day of Month, select the day of the month when you want to generate the bill for this account.
If you have configured Billing Cycle Start = Billing Day of Month, this field cannot be null.
|Billing Cycle Start|
Select one of the following options:
|Is Legacy For Billing|
Determines whether an asset line is considered as a legacy record for billing purposes. Conga Billing can now support billing for legacy asset line items. Select this checkbox to identify an asset line line item as a legacy asset. When you select this checkbox, CPQ allows you to update the following fields:
|Remaining Billable Amount|
Determines how much is remaining to be billed for the legacy asset line item after it is migrated to Conga. Whenever the status of a billing schedule changes from Pending Billing to Invoiced and from Invoiced to Pending Billing, Conga Billing updates this field.
|First Billing Date|
Determines the first day of billing an asset line item in Conga. This field is primarily intended to be used for the legacy asset records. However, you can extend it to some regular asset lines records.
Determines the term for which an asset line item must be billed. This field is primarily intended to be used for the legacy asset records. However, you can extend it to some regular asset lines records.
Scroll down to the Billing Schedule section on the Asset Line Item detail page to view the Billing and Usage schedules for that asset.