Example: Generate Single Payment Schedule and Payment Schedule Item for Multiple Invoices

Before you generate invoices for the account:

The billing schedules use a common currency and payment method, with payment term periods outlined in the table.

• Make sure to turn on Create Payment Schedules and Payment Schedule Items on the Billing Settings page.
• Update the default payment schedule treatment to set the grouping source as Account and due date window to 30.

Now, when you generate invoices for the account on April 1 in Posted status:

• Billing generates three invoices: Invoice A, Invoice B, and Invoice C.
• Billing sorts the invoices in an ascending order. Starting with the invoice having the earliest due date, Billing groups all invoices within the defined due date window. In the example, Invoice A and Invoice B are grouped together.
• Billing creates a single Payment Schedule and Payment Schedule Item record for both Invoice A and Invoice B because they meet the grouping criteria for matching account, payment method, and currency, and they have payment due dates that fall within the due date window of 30 days.
• The total requested amount on the Payment Schedule record is $600, which is equal to the sum of Invoice A ($500) and Invoice B ($100).
• The target payment processing date on the Payment Schedule Item record is April 6, which is the earlier date among Invoice A and Invoice B.
• Billing also generates a separate payment schedule and payment schedule item for Invoice C with a total requested amount of $400 and a target payment processing date of May 10.