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Periodic billing

Former Member
0 Kudos

Hai,

1. Why we maintain the Contract end date and also the Horizon period in the Milestone billing.Actually Horizon period specifies the duration? How both contract end date and horizon period differs?

Regards,

Kedar. s

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi Kedar,

The following dates are important for billing date determination in Periodic Billing.

Start and end dates

Period (monthly, quarterly, annually)

Horizon

Start and end dates

Start and end dates define the duration of the billing plan and, whenever possible, are copied from the start and end dates of the corresponding rental contract. Depending on the configuration of your system, these dates may be indirectly determined by the system. For example, the contract start date may be determined automatically as soon as the installation date is entered.

Period (monthly, quarterly, annually)

The periodicity of the billing dates determines the frequency with which the billing dates are created in the billing plan and, in addition, whether a billing date is processed for billing on the first or last day of the month.

Horizon

In case no end date is entered, or the end date lies so far in the future that not all billing dates can established, then a rule for determining the horizon can be entered. The horizon for periodic billing determines the last date of the billing plan.

The horizon is always determined by a rule that uses the current date as a baseline. If the current date is updated during processing, the system automatically extends the horizon and the schedule of billing dates into the future.

Milestone Billing :

For each billing date in a milestone billing plan, you can specify whether the billing date is:

fixed

always updated with the actual date of the milestone

updated with the actual date of the milestone, if the date is earlier than the planned billing date for the date

updated with the actual date of the milestone, if the date is earlier than the planned billing date for the date

Hope this provides you some clarity. Reward points if helpful.

Srikanth.A

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi kedar,

Check once again we maintain the contract start date and end date maintained in periodic billing and not in milestone billing.

we r enetering the details in starting date and end date.....

The horizon date is made up of a baseline date and a time period. The current date is always the baseline date for determining the horizon. The system adds on the time period to the baseline date to determine the horizon for the billing plan

for example

Date rule: One year

Baseline date: Today's date 04/30/2007

Time period: + one year 04/30/2008

The system calculates that the horizon for this billing plan is 30 thJune 2008.

The horizon is not to be confused with the billing plan end date.

I hope ur doubt was clear..........

With regards

Rajesh