Rental Contract with Periodic Billing Plan

[Former Member]

Hello,

I need to have a rental contract created, But the payment is one shot.

For example, if the customer rents a cylinder for a contract period of 1 year, he pays the contract payment for 1 year in one single shot. So, i need to have the periodic billing plan tweaked to take the payment and have just one billing doc and invoice created with 1 whole payment.

Can this be done?

Also, i want the revenue recognition to be activated to have this whole  1 year's payment split and posted on a monthly basis to finance.

Can someone help me with this?

Also, how can this be changed , reverted in case of contract cancellation in the middle or addition of material on the same existing contract. Please let know.

[Former Member]

Hello..!! Could anyone help me with the same please??

[Former Member]

Hi..On top of this i have 2 requirements... 1. One year contracts with one shot payment 2. 3year contracts with 1 shot payment. Can they be done as a single transaction, as in the rental contract profile we define the time period.Or they can be only done as 2 different transactions with 2 separate contract profiles?