Is there a better way to do this? I don’t see an option for “one-time upfront”. The best it looks like we can do is to bill a Service Contract yearly.
Here’s my workaround. Please let me know if any has alternative suggestions.
- Duration = x years
- Billing Period = Year
- Service Per Period - adjust line item to the x-year total
- Deferral Code - add x term deferral code (e.g. 3 years/36 months)
- Run Service Contract Billing
- Deferral Schedule created after AR Invoice processing
- Should accurately recognize revenue across x terms (in this case 36 months)
- For years 2, 3, etc. - modify services period and zero out prices so no billing/revenue generation occurs
It’d be ideal if there was a Period option of “one time” or “only once” for upfront billing. I can submit an idea if there isn’t one already and if others believe that’s needed.
