Example
Suppose you are a billing administrator of a company selling computer hardware 'Internet Plans’ and you have already invoiced the customer. The details are summarized in the following table:
|
Original Start Date |
Start Date |
End Date |
First Billing Date |
Selling Frequency |
Billing Frequency |
Selling Term |
Quantity |
TCV |
Remaining Billable amount |
|---|---|---|---|---|---|---|---|---|---|
|
7/20/2021 |
7/20/2021 |
2/19/2023 |
11/20/2022 |
Monthly |
Monthly |
3 |
1 |
$0.00 |
$0.00 |
Billing will generate the billing schedules as follows:
|
Billing Schedule ID |
Period Start Date |
Period End Date |
Fee Amount |
Ready for Invoice Date |
Type |
Status |
Legacy BS record? |
|---|---|---|---|---|---|---|---|
|
BS-001 |
7/20/2021 |
11/19/2022 |
$0.00 |
7/20/2021 |
Informational |
Invoiced |
TRUE |
|
BS-002 |
11/20/2022 |
12/19/2022 |
$0.00 |
11/20/2022 |
Contracted |
Pending Billing |
|
|
BS-003 |
12/20/2022 |
1/19/2023 |
$0.00 |
12/20/2022 |
Contracted |
Pending Billing |
|
|
BS-004 |
1/20/2023 |
2/19/2023 |
$0.00 |
1/20/2023 |
Contracted |
Pending Billing |
You processed the Usage Input for a date say 11/20/2022, 11/21/2022, and 11/25/2022 which is in the range for period start date 11/20/2022 and period end date 12/19/2022, for a fee amount of $400, Billing will update the respective billing schedule accordingly, here it is BS-002.
|
Billing Schedule ID |
Period Start Date |
Period End Date |
Fee Amount |
Ready for Invoice Date |
Type |
Status |
Legacy BS record? |
|---|---|---|---|---|---|---|---|
|
BS-001 |
7/20/2021 |
11/19/2022 |
$0.00 |
7/20/2021 |
Informational |
Invoiced |
TRUE |
|
BS-002 |
11/20/2022 |
12/19/2022 |
$400.00 |
11/20/2022 |
Contracted |
Pending Billing |
|
|
BS-003 |
12/20/2022 |
1/19/2023 |
$0.00 |
12/20/2022 |
Contracted |
Pending Billing |
|
|
BS-004 |
1/20/2023 |
2/19/2023 |
$0.00 |
1/20/2023 |
Contracted |
Pending Billing |
After processing the billing schedules for usage-based assets, the remaining billable amount remains at $0.00.
Usage Schedules are automatically generated to record the quantity consumed for each Billing Schedule.
|
Usage Schedule ID |
Fee Amount |
Billing Schedule ID |
Actual Quantity |
Period Start Date |
Period End Date |
Status |
|---|---|---|---|---|---|---|
|
US-001 |
$0.00 |
BS-001 |
7/20/2021 |
11/19/2022 |
Invoiced |
|
|
US-002 |
$400.00 |
BS-002 |
100.00000 |
11/20/2022 |
12/19/2022 |
Pending Billing |
|
US-003 |
$0.00 |
BS-003 |
12/20/2022 |
1/19/2023 |
Pending Billing |
|
|
US-004 |
$0.00 |
BS-004 |
1/20/2023 |
2/19/2023 |
Pending Billing |
