Creation of an order for early subscription renewal in a new invoice schedule
Create an order with specific actions to facilitate an early subscription renewal for S3, including product removal, terms update, and product addition, all set to trigger on 6/1/2025.
Create an order with the following order actions to make an early renewal for S3. For more information about order actions, see Order actions tutorials .
-
Remove Product: Remove the product from which C3 is generated and set the trigger date as
6/1/2025. -
Terms And Conditions: Update the term start date and trigger date to
6/1/2025. -
Add Product : Add the same product from which C3 is generated and set the trigger date as
6/1/2025.
When the renewal is done, S3 now contains two subscription rate plan charges:
|
Subscription number |
Charge start date |
Term (Month) |
Charge number |
Charge end date |
Selling price |
Lit price base |
Billing period |
|---|---|---|---|---|---|---|---|
|
S3 |
01-01-2025 |
5 |
C3 |
05-31-2025 |
$15,000.00 |
Per Year |
Annual |
|
06-01-2025 |
12 |
C4 |
06-01-2026 |
$15,000.00 |
Per Year |
Annual |
The current billing schedule of IS1 is as follows:
-
Total Amount: $45,000.00
-
Actual Amount: $36,250.00
-
Billed Amount: $30,000.00
-
Unbilled Amount: $6,250.00
-
Invoice schedule item 1:
-
Amount: $30,000.00
-
Actual Amount To Bill: $30,000.00
-
Billed Amount: $30,000.00
-
-
Invoice schedule item 2:
-
Amount: $15,000.00
-
Actual Amount To Bill: $6,250.00
-
Billed Amount: -
-
The Actual Amount of IS1 is different from the Total Amount because the term of C3 was reduced from 12 months to 5 months.
Actual Amount = $15,000.00+$15,000.00+($10,000.00-($15,000.00÷12)×3) = $36,250.00
In the equation above, ($15,000.00÷12)×3 represents the credit for C3’s removed service period from 1 June 2025 to 31 August 2025.