Can any one explain how we will configure milestone billing , periodic bill

[Former Member]

Can any one explain how we will configure milestone billing , periodic billing and which scenario we will use?

[claudia_neudeck]

the last action was before two months, so I close this thread

[Lakshmipathi]

Dear Alankar Gupta

Please make use of the search option as this topic has been discussed quite frequently in this forum.

Check one such thread

[Milestone Billing |]

thanks

G. Lakshmipathi

[Former Member]

Hi Alankar,

what you can do is go to

IMG->sales &distr->Billing->billing plans->define billing plan types.

You can set the start date and end dates if applicable to the type of billing( milestone or periodic) you are using. like what time to be billed the customer (end of month, start of month etc..)

Milestone is a billing plan type where a customer is billed for the amount distributed between the dates until total value is reached eg: if the total billing amountis 1000 USD for a year. you will bill the customer in different amounts say 200, 500, 300 at different intervals as per customer agreement.

On the other hand Periodic billling is billing the customer for the total amount(here 1000 USD) at regular intervals peridically until the customer agreement is reached. eg: 1000/12 for a 1 year agreement and say billed at the 1st day of every month.

Regards

Tapeshwar