Understand Billing Schedule Groups and Billing Schedules

Available in: Lightning Experience

Available in: Professional, Enterprise, and Unlimited Editions where Insurance Brokerage is enabled

Billing Schedule Groups

A Billing Schedule Group represents a single billable charge, typically created at the coverage level. It tracks the billing state for that charge, including how much has been billed and how much remains pending. Billing Schedule Groups use a sliding-window model in which only the current installment is eligible for invoicing, while future installments remain pending. The window advances only when an invoice is posted, which helps prevent unnecessary future invoices when policy changes may still occur.

Billing Schedules

Billing Schedules exist within a Billing Schedule Group and represent individual billing installments. Each billing schedule defines the start date, end date, and billing date for one billing period. Billing schedules reference the Insurance Policy Transaction and Transaction Detail records from which they originate and provide the information required to create invoice lines.

How They Work Together

Together, Billing Schedule Groups and Billing Schedules ensure that billing operates on individual charge data rather than aggregated policy amounts. Invoices are generated from billing schedules one installment at a time, using the configuration defined on the policy. These records are required for Agency Billing as they consume transaction detail records, control invoice timing, and serve as the source for invoice preview and generation.