Periodic Billing can be used, for example, in rental contracts. The billing dates in a periodic billing plan can be determined from the following sources:
• Control data in the billing plan
• Header data in the rental contract
• Manually entered dates
The following dates are important for billing date determination:
• 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.
The determination of dates according to the current horizon must be triggered manually via the following menu path.
1. Select Logistics Sales and Distribution Sales.
2. Choose Outline agreement Contract Subsequent functions Horizontal/periodic billing.
Report RVFPLAN01 which supports this function can be scheduled to run at regular intervals.
Example: 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.
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