Utilization and billing

You can define recurring usage periods for the rental items and set up billing details for periodic invoicing. The billing period and usage period can be defined using a billing schedule.

The utilization of the rental items is defined on the actual resource lines and invoiced using the invoice lines. The application calculates the usage based on the billing schedule details. If a billing schedule is linked to the rental agreement, the rental period of the actual usage line is created based on the start and end date of the recurrence specified on the billing schedule.

The Required Approval Date in the Rental Actual Usage Overview (tstdm4501m200) session enables the automatic approval of an actual usage line. The approval date is defaulted based on the billing date specified in the billing schedule.

If the Register Rental Usage check box is selected for an equipment line in the Equipment Lines (tssoc2122m100) session, an actual resource line is generated in the Service Order Actual Resource Lines (tstdm4101m000) session.