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Set Up Billing
Enable Billing, assign the required permission sets, and set up features for using billing for insurance policies.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions where Insurance Brokerage is enabled |
Turn on Billing to start using billing features.
- Billing Settings
Control how invoices, payments, credits, documents, and accounting records are processed after billing is enabled. These settings determine how billing transactions are generated, delivered, settled, and recorded in downstream financial systems. - Guided Setup for Billing
Admins can use the Billing Guided Setup for a step-by-step guidance to complete key tasks that are required to set up Billing. - Payment Term
A Payment Term defines the period of time a customer has to pay an invoice. It determines the invoice due date and is calculated based on the configuration of the Payment Term and its related Payment Term Items. Payment Terms help standardize how due dates are calculated across invoices and billing scenarios. - Product Selling Model
Product selling models define how products are sold and billed. This is a Revenue Cloud concept that works in conjunction with Product Catalog Management to determine how products are structured, priced, and invoiced. - Proration Policy
A proration policy defines the rules used to calculate charges for partial billing periods and to handle rounding differences when amounts are distributed across multiple billing periods. - Configure Context Mappings for Insurance Policies
Configure and customize the context mappings that are used to create billing schedules. - Configure Billing Type Eligibility
Control which billing types are eligible for the Send to Billing action by configuring billing type eligibility in Agency Billing setup. - Considerations for Policy and Underlying Structure
Insurance policies can represent highly complex real-world risk structures involving multiple insured entities, assets, and coverages. Agency Billing is designed to work with this inherent complexity by leveraging the flexibility of the FSC Insurance data model. Understanding how policy structures are modeled and how billing interacts with those structures is essential to ensure accurate and predictable billing outcomes.
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