Use Case: Creating Billing Schedules for an Incremented Asset
Business Context: When the quantity of an asset increases (for example, adding licenses to a software subscription), the application generates separate billing for the additional quantity by creating new billing schedules specific to the increment. This approach ensures that the incremental quantity is billed accurately from its effective date.
Description: This use case describes how billing schedules are created when you increase the quantity of an asset.
Scenario: Suppose you are a customer service representative for a software company and you change the license quantity for an asset from 1 to 4 for the first three quarters. Before you change the asset quality, you see the following billing schedules:
|
Schedule |
Period Start |
Period End |
Status |
Fee Amount |
|---|---|---|---|---|
|
BS1 |
1/1/2019 |
3/31/2019 |
Pending Billing |
$90.00 |
|
BS2 |
4/1/2019 |
6/30/2019 |
Pending Billing |
$90.00 |
|
BS3 |
7/1/2019 |
9/30/2019 |
Pending Billing |
$90.00 |
|
BS4 |
10/1/2019 |
12/31/2019 |
Pending Billing |
$90.00 |
To Create Billing Schedule for Incremented Assets
- From an ABO Quote, click Configure Products.
- On the cart page, click Installed Products.
- Select your asset and click Change > Quantity.
- In the Change quantity by field, increase the quantity by 3 by clicking the + icon. The New Quantity field displays the updated quantity immediately.
- Select the appropriate Cotermination option. For details on Cotermination option, see Managing Asset Increment with Coterminate Lines.
- Enter the Start Date and End Date.
- Click Go to Pricing. An asset line item with status Incremented and quantity as 3 is created.
- Finalize the Cart.
- Accept the Quote/Proposal and activate the order.
- A new asset is created with Quantity as 3 and status as Incremented.
- 3 Billing Schedules are created as follows:
Schedule
Period Start
Period End
Status
Fee Amount
BS5
1/1/2019
3/31/2019
Pending Billing
$270.00
BS6
4/1/2019
6/30/2019
Pending Billing
$270.00
BS7
7/1/2019
9/30/2019
Pending Billing
$270.00