Invoicing Products with Billing Schedules

For an overview of invoice plans and billing schedules, check out Dynamic Invoice Plans.

Note Billing schedules are supported only when the billing frequency is Invoice Plan. To use a billing schedule, set charge type to Recurring. Recurring is also used for one-time products using an invoice plan.

When you invoice a billing-schedule-covered order product, Salesforce Billing adds one billing transaction to the schedule for each of the schedule's invoice plan lines. A transaction's billing target date determines when Salesforce creates an invoice line for your order product, and the amount to be billed determines the invoice line's balance. Each transaction has a status of Pending until it hits the billing target date, which changes the status to Billed.

Example Let's say you invoice a billing-schedule-covered order product with a balance of $1000 on 06/01/18. The billing schedule looks up to an invoice plan with the following invoice plan lines.

Name	Type	Percentage	Commencement Date Offset	Commencement Date Offset Units	Processing Order
20 Percent	Percent	20	10	Days	1
50 Percent	Percent	50	1	Months	2
Remainder	None	None	6	Months	3

When you invoice this order product, Salesforce Billing creates three billing transactions on your billing schedule.

Name	Status	Billing Target Date	Amount To Be Billed
20 Percent	Pending	06/08/18	$200
50 Percent	Pending	06/29/18	$500
Remainder	Pending	11/29/2018	$300

On 06/08/18, Salesforce Billing creates one invoice line with a balance of $200 and a start date of 06/08/18.