Start Date

The date when a customer starts getting billed for the purchase. This field translates to Period Start Date on Billing Schedules. This value is stored as Expected Start Date on the Proposal.

End Date

The date till when a customer is billed for the purchase.This field translates to Period End Date on Billing Schedules. This value is stored as Expected End Date on the Proposal.

Price

The total amount of purchase.

Billing Rule

For every Billing Schedule, the date when invoice should be generated is based on the Billing Rule. The field Ready for Invoice Date on Billing Schedules is processed from the Billing Rule. Following are the options for the Billing Rule:

• Bill in Advance - To invoice the receivables at the beginning of the schedule.
• Bill in Arrears - To invoice the receivables at the end of the schedule.
• Bill on Ready for Billing Date - To bill your customer with a consolidated invoice, on a day of their choice.

Billing Frequency

Billing Frequency is how the product price over a period is distributed and billed to an account. The Billing Frequency for a product can be set to:

• Monthly - To generate a bill once every month
• Quarterly - To generate a bill once every three months
• Half-yearly - To generate a bill once in the middle of a calendar or financial year.
• Yearly - To generate a bill once every year
• Weekly - To generate a bill once every week
• Usage - To generate a bill based on usage or consumption
• One-Time - To generate a one-time bill.

For example, a product ‘Health App’ priced $3000 has the Billing Frequency set to Monthly. Monthly Billing Schedules will be created and invoiced at a price of $250/month. If Billing Frequency for the same product is changed to Quarterly, quarterly Billing Schedules will be created and invoiced at a price of $750 each quarter.

Bill Cycle Start

Billing Cycle Start can be any day on which you want to bill customers. Billing Schedules are aligned on the basis of Billing Cycle Start. You can select one of the following options:

• Billing Day of the Month - value specified in the Billing Day of Month field.
• Billing Day of the Week - Value specified in Billing Day of Month field. Select this option to generate weekly billing schedules.
• Period Start Date - value from Expected start date field on Asset Line Item
• Order Date - value from Order Date field in the activated order.
• Account Billing Day of the Month - value from Billing Day of Month field on Accounts. Select this option, if you want to set a common billing day for all orders in an account.

Billing Day of the Month

Day of the month when you want to bill your customer. For example, to set ‘10’ as the Billing Day, select 10^th of the month from the picklist.

If you select End of the month, the Billing Day is set to the last day of each month as and when the schedule advances. For example, Billing Day of Month will be ‘31’ for March and ‘30’ for April.

Billing Day of the Week

Day of the week when you want to bill your customer. For example, if you set it to Monday, Billing Schedules will be aligned in a Monday to Sunday weekly cycle.

Proration Period Treatment

To define how you want to distribute the billing amount proportionally between the first and last Billing Schedules, select Separate Period from the picklist options.

• Separate Period - To create a separate Billing Schedule for the outstanding amount.