As a billing analyst, you can split a billing schedule into two or more billing schedules if the billing schedule is not invoiced yet. You can split the billing schedules by percentage, date, or amount. After the split, the fee amount is recomputed per the split terms, or given amounts, or percentages. This feature is helpful for splitting a billing schedule due to a change in the billing policy, customer request, change in the tax regime, or due to a direction from regulatory authorities. For example, there is a tax increment from Jan 1, 2024, and your customer wants to split all pending billing schedules that span across 2023–24 on Dec 31, 2023.