Use Case: Billing the Round-offs
This use case helps you to understand the effect of the BillProratedBalanceInFirstSchedule setting on rounding the fee amount of the billing schedules.
Suppose you are a billing administrator of a company selling computer hardware 'Installation Device MF9’ with a Total Contract Value of $1000. The billing term is for 3 months starting from 3/1/2023 with a recurring billing schedule. Billing creates three billing schedules. The round-offs are adjusted in the first or last billing schedule depending on whether the 'BillProratedBalanceInFirstSchedule' checkbox is selected or not.
Scenario 1: The BillProratedBalanceInFirstSchedule checkbox is selected.
Billing adjusts the round-offs in the first billing schedule as shown in the table:
|
Billing Schedule ID |
Period Start Date |
Period End Date |
Fee Amount |
Ready for Invoice Date |
Type |
Status |
|---|---|---|---|---|---|---|
|
BS-001 |
3/1/2023 |
3/31/2023 |
$333.34 |
1/1/2023 |
Contracted |
Pending Billing |
|
BS-002 |
4/1/2023 |
4/30/2023 |
$333.33 |
4/1/2023 |
Contracted |
Pending Billing |
|
BS-003 |
5/1/2023 |
5/31/2023 |
$333.33 |
5/1/2023 |
Contracted |
Pending Billing |
Scenario 2: The BillProratedBalanceInFirstSchedule checkbox is not selected.
Billing defers the round-offs to the last billing schedule as shown in the table:
|
Billing Schedule ID |
Period Start Date |
Period End Date |
Fee Amount |
Ready for Invoice Date |
Type |
Status |
|---|---|---|---|---|---|---|
|
BS-001 |
3/1/2023 |
3/31/2023 |
$333.33 |
1/1/2023 |
Contracted |
Pending Billing |
|
BS-002 |
4/1/2023 |
4/30/2023 |
$333.33 |
4/1/2023 |
Contracted |
Pending Billing |
|
BS-003 |
5/1/2023 |
5/31/2023 |
$333.34 |
5/1/2023 |
Contracted |
Pending Billing |
