Set up a Periodic Service Billing Schedule Manually
All agreement services that are flagged as Periodic, Billed Separately require that you set up a billing schedule before you activate the related agreement.
The system uses the billing schedule during the periodic billing process to determine which services defined for the work schedule are due for billing, as well as the amount to bill.
You can set up billing schedules manually using the Billing Schedule grid of SM Service or using the SM Work Schedule Billings form (accessed by double-clicking in the Billing Schedule grid).
You can set up a single billing sequence for the total service price or set up multiple billing sequences with equal or varying amounts. For example, if you bill once a year, you will need to set up one billing sequence for each year the service is performed, based on the agreement term (e.g., if the agreement term is 2 years, you would set up two billing sequences).
The Total Remaining field (above the tab pages) displays the remaining amount to be scheduled for billing. Initially, this amount will show the total service price (for the term of the agreement). As you enter billing sequences, the Total Remaining amount will decrease until the full amount is dispersed.
The following steps will guide you through setting up billing schedules for services on a work schedule using the Billing Schedule tab.