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.
To create billing schedules for a contract or contract line item:
- Open the contract or the specific contract line item.
- Click Create Billing Schedules or Generate Billing Schedules.
- [Optional] Enter the Start Date from which to create billing schedules.
- Enter the End Date to create billing schedules up until.
- Click Create.