Billing Schedule Output

Based on the Offerings on the Quote, a Billing Schedule is generated. It shows future invoices MonetizeNow will generate for that contract. Before a quote is sent, processed, or renewed, this view is where you confirm:

When customers will be billed
How much will be charged
How contract changes affect future invoices

Note: Billing Schedule does not include any Usage products as the amount of their billing is not known in advance.

View Billing Schedule

Open any quote → Billing Schedule

This tab always reflects latest billing plan for said contract. Each row in Billing Schedule Output represents one upcoming invoice and has two rows,

Bill Date: When the invoice will be created
Amount: What will be charged for that period

Note: These values are calculated from Offering configuration and can’t be edited in this view. Make sure the schedule looks correct here, as invoicing will follow it.

How this Schedule Is Built

Based on the offerings and rates (billing frequency) included in each line item, behind the scenes we calculate,

pricing and discounts

proration rules

Also, it resolves amendments and renewals and splits the contract into billable periods

Adding or Updating Schedule

Billing schedules update when Quote lines/Offerings/Contracts change. Things like,

processing a new quote, applying an amendment, executing a renewal or updating pricing or billing anchors

When a contract is amended or renewed

Past billing rows remain unchanged

Current and future rows are recalculated

New periods may be added

Note: Each of these actions triggers MN to rebuild the schedule and are captured in Reporting

TABLE:contract_billing_schedule