Forecast Billing for Renewal
You can generate a forecast schedules for renewed asset line items on a cart. Forecast for renewed assets will create the forecasted schedules for the renewal period.
The line items in Renewed status and without any custom plans associated to them are picked up for forecasting.
There is a new sale in discussion with TCV (Sales) of USD 1,200.00 and half-yearly billing frequency. The contract start and end dates are 01-January-2025 and 31- December-2025. The BSRs of the new sale are as follows:
| BSR No | BH ID | Period Start Date | Period End Date | Actual Fee Amount | Ready for Invoice Date | Status |
|---|---|---|---|---|---|---|
| BSR-001 | BH-001 | 01-January-2025 | 30-June-2025 | USD 600.00 | 01-January-2025 | Invoiced |
| BSR-002 | BH-001 | 01-July-2025 | 31-December-2025 | USD 600.00 | 01-July-2025 | Invoiced |
The customer wants to renew the contract for one year and get the forecasted data. As a sales rep, you initiated the renewal process and generated the forecast schedules.
| Name | Product Configuration | Line Item | Product | Price Type | Period Start Date | Period End Date | Forecasted Fee Amount | Ready for Invoice Date | Invoice Status | Payment Term |
|---|---|---|---|---|---|---|---|---|---|---|
| FBSR-1 | Q-001 | LI-001 | Hardware | Recurring | 01-January-2026 | 30-June-2026 | USD 600.00 | 01-January-2026 | Pending Billing | NET-30 |
| FBSR-2 | Q-001 | LI-001 | Hardware | Recurring | 01-July-2026 | 31-December-2026 | USD 600.00 | 01-July-2026 | Pending Billing | NET-30 |
The Forecast Billing Summary Criterion is set to Ready for Invoice Date.The forecast billing summary is as follows:
| Name | Criterion Name | Criterion Value | Total Forecast Fee | Total One-time Fee | Total Recurring Fee |
|---|---|---|---|---|---|
| FBSM-001 | Ready for Invoice Date | 01-January-2026 | USD 600.00 | USD 0.00 | USD 600.00 |
| FBSM-002 | Ready for Invoice Date | 01-July-2026 | USD 600.00 | USD 0.00 | USD 600.00 |
