# Billing schedules, policies and treatments

*Revenue Management Consultant Study Guide · Invoice Management · Last updated October 29, 2026 · https://www.certifyforce.com/study-guide/revenue-management-consultant/invoice-management/billing-schedules-policies-and-treatments*

How order activation creates one billing schedule per order product and groups them across amendments, how billing policies, treatments and treatment items decide advance or arrears billing, how period boundaries cut billing periods, how credit memos work, and which ways exist to preview and generate invoices.

- Certification: Salesforce Revenue Management Consultant
- Exam section: Invoice Management
- Study guide: https://www.certifyforce.com/study-guide/revenue-management-consultant

**Official exam objective:**

> Explain Invoice Management core concepts and capabilities.

## What the exam expects

- Predict the billing schedules and billing schedule groups that order activation, amendments and cancellations create.
- Explain how a billing policy, its billing treatments and a billing treatment item decide how an order item is billed, including advance versus arrears.
- Work out billing periods and invoice dates from the Period Boundary and the billing day of month.
- Describe when credit memos are created and how they are applied.
- Name the ways to preview and generate invoices, with the preview limits.

Key terms: **billing schedule** (when and how one order item is invoiced); **billing schedule group** (consolidates the schedules for one asset over its life); **billing policy** (a group of billing treatments linked to products); **billing treatment item** (distributes an order item's total into billing schedules); **credit memo** (reduces what a buyer owes).

## Key facts

| Fact | Detail | Source |
|---|---|---|
| Schedules per order | One billing schedule per order item | [Generate Invoices](https://trailhead.salesforce.com/content/learn/modules/revenue-cloud-design/generate-invoices) |
| Amendment schedule | New schedule with category Amendment, referencing the original | [Billing Schedule Details](https://help.salesforce.com/s/articleView?id=ind.billing_view_billing_sched_group.htm&language=en_US&type=5) |
| Treatment items | One per billing treatment | [Billing Policies](https://help.salesforce.com/s/articleView?id=ind.billing_policies_and_treatments_create.htm&language=en_US&type=5) |
| Advance invoices | Generated at the start of each billing period | [Period Boundaries](https://help.salesforce.com/s/articleView?id=ind.billing_understand_period_boundaries_and_billing_day_of_month.htm&language=en_US&type=5) |
| Arrears invoices | Generated on the last day of each billing period | [Period Boundaries](https://help.salesforce.com/s/articleView?id=ind.billing_understand_period_boundaries_and_billing_day_of_month.htm&language=en_US&type=5) |
| Negative line conversion | Only for posted invoices not converted before | [Negative Line Conversion](https://help.salesforce.com/s/articleView?id=ind.billing_setup_negative_invoice_lines_conversion_to_credit_memo_lines.htm&language=en_US&type=5) |
| Invoice preview range | Next two billing periods; max 200 billing schedules | [Invoice Previews](https://help.salesforce.com/s/articleView?id=ind.billing_preview_invoice.htm&language=en_US&type=5) |
| Invoice creation | Batch runs, on-demand from Account or Order, Invoice Ingestion API | [Billing Lifecycle](https://trailhead.salesforce.com/content/learn/modules/billing-basics-in-revenue-cloud/navigate-the-full-billing-lifecycle) |

## Check yourself

- When does the org-wide default billing treatment from Billing Settings apply?
- When is the first billing period August 5 to September 4 for a monthly advance order starting August 5?
- Which permission sets let a user create billing policies, treatments and treatment items?
- Which billing schedule group summary metrics show billing progress?

## Sources

- [Generate Invoices (Trailhead)](https://trailhead.salesforce.com/content/learn/modules/revenue-cloud-design/generate-invoices)
- [Generate Billing Schedules from Orders](https://help.salesforce.com/s/articleView?id=ind.billing_schedules_from_orders.htm&language=en_US&type=5)
- [Generated Billing Schedule Details](https://help.salesforce.com/s/articleView?id=ind.billing_view_billing_sched_group.htm&language=en_US&type=5)
- [Create Billing Policies, Treatments, and Treatment Items](https://help.salesforce.com/s/articleView?id=ind.billing_policies_and_treatments_create.htm&language=en_US&type=5)
- [About Period Boundaries and Billing Day of Month](https://help.salesforce.com/s/articleView?id=ind.billing_understand_period_boundaries_and_billing_day_of_month.htm&language=en_US&type=5)
- [About Credit Memos](https://help.salesforce.com/s/articleView?id=ind.billing_credit_memos_explain.htm&language=en_US&type=5)
- [Automatic Conversion of Negative Invoice Lines into Credit Memo Lines](https://help.salesforce.com/s/articleView?id=ind.billing_setup_negative_invoice_lines_conversion_to_credit_memo_lines.htm&language=en_US&type=5)
- [Create and Apply Standalone Credit Memos](https://help.salesforce.com/s/articleView?id=ind.billing_credit_memos_standalone_user_interface_create.htm&language=en_US&type=5)
- [Generate Invoice Previews and Preview PDF Documents](https://help.salesforce.com/s/articleView?id=ind.billing_preview_invoice.htm&language=en_US&type=5)
- [Generate Invoices in Revenue Management](https://help.salesforce.com/s/articleView?id=ind.billing_invoice_generation.htm&language=en_US&type=5)
- [Navigate the Full Billing Lifecycle (Trailhead)](https://trailhead.salesforce.com/content/learn/modules/billing-basics-in-revenue-cloud/navigate-the-full-billing-lifecycle)
- [Manage Billing in Revenue Management](https://help.salesforce.com/s/articleView?id=ind.billing.htm&language=en_US&type=5)
- [Revenue Management License Comparison](https://help.salesforce.com/s/articleView?id=ind.revenue_licenses_areas_and_features.htm&language=en_US&type=5)

## About the full unit

The "Core concepts", "Exam traps" and "Worked scenario" sections of this unit, its 8 linked practice questions, and unlimited timed mock exams are included with the Revenue Management Consultant pack (USD $19): https://www.certifyforce.com/practice-exams