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.
Explain Invoice Management core concepts and capabilities.
~7 min read · 8 practice questions ·
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
- Detail
- One billing schedule per order item
- Detail
- New schedule with category Amendment, referencing the original
- Detail
- One per billing treatment
- Detail
- Generated at the start of each billing period
- Detail
- Generated on the last day of each billing period
- Detail
- Only for posted invoices not converted before
- Detail
- Next two billing periods; max 200 billing schedules
- Detail
- Batch runs, on-demand from Account or Order, Invoice Ingestion API
Sources for this section (7)
- Generate Invoicestrailhead.salesforce.com (opens in a new tab)
- Billing Schedule Detailshelp.salesforce.com (opens in a new tab)
- Billing Policieshelp.salesforce.com (opens in a new tab)
- Period Boundarieshelp.salesforce.com (opens in a new tab)
- Negative Line Conversionhelp.salesforce.com (opens in a new tab)
- Invoice Previewshelp.salesforce.com (opens in a new tab)
- Billing Lifecycletrailhead.salesforce.com (opens in a new tab)
- 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?
The questions are free to read. Answers with their sources and self-grading are included with the pack.
Keep reading with the Revenue Management Consultant pack
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- Worked scenario
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