Billing Amounts

The Billing Amount field on the SM Agreement Billing Schedule form.

Required.

Enter the billing amount for this billing sequence (must be greater than or equal to 0.00). When running the periodic billing process, this is amount that will print on the invoice for the customer.

When you have completed entering billing sequences, the Total Remaining amount must equal 0.00. If it does not, you must adjust the billing sequences until it does.

Note: The amount you specify will depend on the agreement price, the term of the agreement, and your billing frequency. For example, if the agreement amount is $100,000 and it is a 2-year agreement that you bill annually, you would set up two billing sequences and enter $50,000 for each sequence.

If this is a non-expiring agreement, the amount you specify will depend on the agreement price, the pricing frequency, and your billing frequency. For example, if the agreement price is $100,000 with a pricing frequency of A-Annually, and you bill quarterly, you would set up four billing sequences and enter $25,000 for each sequence. The system will continue this quarterly cycle each year until you terminate the agreement.