Customer Headquarter 00 has a subscription contract for cloud selection service level gold. The contract was closed on 01.01.2020. For each month, a recurring Fee of 1,000 Euro and a recurring fee of 3,000 Euro for service level agreement gold are created.
Defining the Billing Plan
Objectives
After completing this lesson, you will be able to:
- Define a Billing Plan
- Provide the Billing Plan process overview
Business Example Billing Plan
Definition of a Billing Plan
The Billing Plan Process Overview
Process Steps in Creation of Recurring Fees:
- Step 1: Create a provider contract item with an assigned billing plan. The billing plan is released with creation.
- Step 2: The billing plan items include price, billing cycle, and accounting information. The price is a manual price in subscription item PSMB Position.
- Step 3: Regularly request billing plan items. Created billable items have a reference to the billing plan.
It's now possible to create a billing plan with one detailed billing plan item for a recurring condition type in Convergent Invoicing. This enables generation of a detailed invoice to customers with details of the recurring fee, discounts, and surcharges applied.
This feature further supports accounting reconciliation.
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