Creating a recurring billing schedule

The recurring billing schedule enables a user to enter multiple payments on a sublease at once. Users can add, update, or delete payments using the recurring billing schedule. Using the update or delete function will only affect payments that were added using the recurring billing function.

  1. Select an unreleased sublease and navigate to the Billing Schedule tab.
  2. Click Recurring Billing and specify this information:
    Payment Date Range
    Specify the beginning and end date of the recurring payment.
  3. In the Actions field, specify this information:
    • Select the Add Payments action and specify this information:
      First Invoice Date
      Specify the date of the first invoice.
      Frequency
      Specify the frequency of the payments. The frequency can be weekly, monthly, quarterly, yearly and semi-annually.
      Payment Amount

      the Payment amount for each payment

      The billing schedule is automatically created from the first invoice date for the defined frequency, Payment Date Range, and Payment Amount.

    • Select the Update Amounts action, and specify this information:

      Payment Amount

      the new payment amount for the recurring billing.

      The Payment amount is automatically updated for all the billing schedule lines that were created via recurring billing schedule and which fall within the Payment Date Range.

    • Select the Delete Payments action to delete all the billing schedule lines within the Payment Date Range.
  4. Click Submit.
  5. If the payment is taxable follow step four from Creating a billing schedule to add the tax to each payment.