Subscription Fees Functionality

Subscription functionality provides a way for a company to bill for recurrent services at a fixed price over regular intervals of time.

You can create regular and non-regular transactions:

• Regular transaction start and end according to the invoicing period code
• Non-regular subscription transactions for subscription fee transactions that do not start or end according to the invoicing period code

You can choose among two different kinds of pricing systems:

• Setup sales price system- useful when dealing with standard sales price structure, allows different sales prices and effective dates. .
• Base price multiplied with an index- useful to control prices

Creating a Subscription

A subscription from any of the following locations:  Based on the module and path the subscription is created, different values are automatically defaulted in the subscription form.

• Service management > Common > Service subscriptions > All service subscriptions.
• Service management > Periodic > Service subscriptions > Create subscription fee.
• Service management > Setup > Service subscriptions > Subscription groups > Service subscriptions.
• Project management and accounting > Common > Projects > All projects. Select a project and then click the Manage tab > Related information group > Service > Service subscriptions.

Perform the following steps to create a subscription:

1. Click Service management > Common > Service subscription > All service subscriptions.
2. In the All service subscriptions list page, on the Action Pane, in the New group, click on subscription to create a new subscription.
3. In the Subscription form, in the General FastTab, in the Service subscription field, enter a unique identification for the subscription.
4. In the Project ID field, click the drop-down arrow to select the project.
5. In the Subscription group field, click the drop-down arrow to attach the subscription to a subscription group.
6. In the Fee category field, click the drop-down arrow to select the category for subscription fee.
7. Specify the base price directly in the subscription before you save it the first time. If a base price is not specified, the system inserts the subscription sales price with the greatest level of detail as the base price, when the record is saved.

Create a Regular Subscription Fee Transaction Type

1. Click Service management > Common > Service subscriptions > All service subscriptions.
2. In the All service subscriptions list page, select the subscription for which to create a subscription fee transaction.
3. On the Action Pane, in the New group, click Subscription fees.
4. In the Create subscription fees dialog box, in the Subscription type field, click the drop-down arrow and select Regular.
5. Enter the From date and To Date.
6. To view created transactions, on the Action Pane, click the Analyze tab.
7. In the Transactions group, click Fee transactions.
8. In the Fee transactions form, view the transaction lines created for the subscription.

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