Prerequisites
- The object and fields required to support legacy billing for asset line items are configured. For more information, see Understanding Billing Schedules and Use Case 3.
- Make sure that the following minimum criteria are met:
- The Is Legacy for Billing? checkbox is set to True.
- The Billing Frequency is not One Time (one-time products usually are not renewed).
- The Original Start Date, Start Date, End Date, Remaining Billable Amount, TCV, Selling Term, and CPQ Pricing fields (Base Unit Price and Net Price) are captured accurately on the asset line record.
Note:
- The asset may or may not have been billed in a recurring fashion in the legacy system. If the asset is not billed in a recurring way, then a catchup billing schedule is generated.
- After the renewal of the asset, the remaining billable amount reflects the renewal amount as a balance.
