Creating Billing Schedules from Contracts

When you activate a contract, billing schedules are created depending on the options you choose. You can replace billing schedules that have been deleted or create new billing schedules for the portion of a contract or contract line item that has not yet been billed.

Billing schedules for each contract line item are created from whichever of these is the latest:

• The contract line item Start Date.
• The Start Date you enter on the Create Billing Schedules page.
• The last billing schedule for the contract line item. The Bill Date of that schedule and Billing Term are used to calculate the dates for the next schedule.

Note:

If you change a contract line item on an active contract, we recommend that you delete the billing schedules that have not yet been billed and recreate them.

To create billing schedules for a contract or contract line item:

1. Open the contract or the specific contract line item.
2. Click Create Billing Schedules or Generate Billing Schedules.
3. [Optional] Enter the Start Date from which to create billing schedules.
4. Enter the End Date to create billing schedules up until.
5. Click Create.