Credits for Invoiced Billing Schedules
Initial Billing Schedules (Billing Day of Month = 1st, Billing Frequency = Monthly, 100.00 per month)
|
Schedule |
Period Start |
Period End |
Status |
Fee Amount |
Superseded |
Debit Schedule |
|---|---|---|---|---|---|---|
|
BS1 |
3/1/2015 |
3/31/2015 |
Invoiced |
100.00 |
||
|
BS2 |
4/1/2015 |
4/30/2015 |
Invoiced |
100.00 |
||
|
BS3 |
5/1/2015 |
5/31/2015 |
Invoiced |
100.00 |
||
|
BS4 |
6/1/2015 |
6/30/2015 |
Pending Billing |
100.00 |
After Amendment #1 (Amend on 4/16: Increase rate to 200.00 per month)
|
Schedule |
Period Start |
Period End |
Status |
Fee Amount |
Superseded |
Debit Schedule |
|---|---|---|---|---|---|---|
|
BS1 |
3/1/2015 |
3/31/2015 |
Invoiced |
100.00 |
|
|
|
BS2 |
4/1/2015 |
4/30/2015 |
Invoiced |
100.00 |
Yes |
|
|
BS5 |
4/16/2015 |
4/30/2015 |
Pending Billing |
-50.00 |
|
BS2 |
|
BS6 |
4/16/2015 |
4/30/2015 |
Pending Billing |
100.00 |
|
|
|
BS3 |
5/1/2015 |
5/31/2015 |
Invoiced |
100.00 |
Yes |
|
|
BS7 |
5/1/2015 |
5/31/2015 |
Pending Billing |
100.00 |
|
|
|
BS4 |
6/1/2015 |
6/30/2015 |
Superseded |
100.00 |
Yes |
|
|
BS8 |
6/1/2015 |
6/30/2015 |
Pending Billing |
200.00 |
|
Since the amendment is mid-cycle and the April Billing Schedule (BS2) has been invoiced it will be marked as superseded and will be augmented with two new Billing Schedules.
- The 1st Billing Schedule (BS5) reflects the amount (at the old rate) that was invoiced for the partial period at/after the amendment date and will appear as a credit when an Invoice is generated.
Notice how the credit has a reference back to the source of the credit (BS2).
-
The 2nd Billing Schedule (BS6) reflects the increased amount for the partial period that was amended and will appear as a charge when an Invoice is generated.
Since the Billing Schedule for May (BS3) has been invoiced it will be marked as superseded and will be augmented with a Billing Schedule (B76) that reflects the additional amount to charge for. The period for June is unbilled its Billing Schedule (BS4) will be superseded and replaced by a Billing Schedule (BS8) that reflects the new amount to bill for.
