Hi,
got a user's requirement that they want something like a "installment" billing. They will sell a customer an item for a fixed amount and customer will pay for it over a period of time (monthly). I was thinking of using periodic billing in S&D but hit into some problem; the monthly bill amount is fixed till the last month.
For example, the item is sold for $35K and will bill customer evenly over the next 12 months. However, $35K divide by 12 doesn't give a whole number, it will give $2,916.66666... Round off to 2 decimal point, it will be $2,916.67. Hence I should be billing the customer for $2,916.67 for the first 11 months. For the 12th month, I should bill $2,916.63 to get $35K.
From what I understand of periodic billing, I need to fixed the amount for each month. In addition, I am not allowed to change the amount in the billing plan items.
The only solution I can think of is to create 2 line items, the first is periodic billing for the first 11 months and the 2nd one just for the last payment. However, this solution is too cumbersome.
Does anyone has such "installment billing" requirement? Is periodic billing the solution for this? Or do I need to go manual and create individual billing schedule?
Regards,
Norman
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