Recording monthly invoice and payment details

This section enables the user to define the milestones at each billing element level.

Note: To view this tab, the parameter” Billing Milestone definition for FP per month and Usage Based pricing” in the Operational Parameters tab of the Edit Terms of Execution link under the Sale Contract business component must be set as “Billing Element Level.

Select the "Monthly Inv. & Payment" tab in the "Edit Pricing and Invoicing Details" page.

Enter the following fields in the multiline:

Billing Element	Use the drop-down list box to specify the element on for which Milestone is being defined. Mandatory. The system lists all the “active” billing elements as defined in the “Category” business component. By default the system leaves this field blank.
Pricing Basis	Use the drop-down list box to specify pricing basis based on which the billing element against the specific line is being billed. Mandatory. The system lists the values in this field as follows: Usage Based - Select this option if you wish to price based on the actual usage eg. flight hour basis. FP Per Month - Select this option if you wish to price based on a fixed price per month. By default the system leaves this field blank.
Parameter	Use the drop-down list box to specify the billing parameter based on which the pricing is done. The system lists all the category codes in 'Active' status defined against the category Type : 'Billing Parameter' under the Category master. Per Horizon - Select this option for pricing to be done based on the per horizon fixed for example, weekly, monthly and so on. Per Aircraft Per Horizon - Select this option for pricing to be done based on the per horizon fixed for an aircraft. Flight Hours - Select this option for pricing to be done based on the number of flight hours completed by the aircraft. Flight Cycles - Select this option if you wish to pricing to be done based on the number of flight cycles completed by the aircraft. Engine Hours - Select this option for pricing based on the number of hours the engine of the aircraft has been running. Engine Cycles - Selec this option for pricing based on the number of engine cycle of the aircraft. By default the system leaves this field blank.
Billing Based On	Use the drop-down list box to specify the basis of period for the milestone generation. You can select from the following options: Calendar Year : The Billing Milestones will be set for the calendar year Financial Period : The Billing Milestones will be set for the financial period applicable for the installation
Billing Horizon - Regular	Use the drop-down list box to select the horizon period for which the regular milestone needs to be set. Mandatory Monthly Quarterly Half Yearly Yearly By default the system leaves this field blank. Ensure that the either Monthly’ is selected in this field if Provisional Billing is set as 'Not Required'. This field should be left ‘Blank’ if the ‘Billing based On’ is selected as ‘Financial Period’
Billing Milestone - Regular	Use the drop-down list box to select the date on which the milestone needs to be set. End of Horizon : Regular Billing Milestone will be set at the end of the horizon Beginning of Horizon - Regular Billing milestone will be set at the beginning of billing horizon. Note that Billing Milestone – Regular can be set as ‘Billing of Horizon’ only when the parameter “Billing Based on Min. Usage/Qty. Applicable?” in Edit Terms of Execution screen of the current business component. By default the system leaves this field blank.
Process Reg. Bill After (in days)	Indicates the number of days after which the regular bill will be processed. Mandatory. By default the system displays ‘0’ in this field.
Pay Term – Regular	The code identifying the pay term associated with the customer for regular billing. Help facility available
Invoice Category - Regular	Use the drop-down list box to specify the category to which the regular invoice belongs Mandatory.. The system lists all the category codes in 'Active' status defined against the Category Type: 'Invoice Category' under the Category master. By default the system leaves this field blank.
Provisional Billing	Use the drop-down list box to specify whether a provisional (a temporary bill before the final bill is presented for payment) billing is required. You can select from the following options: Required - Indicates that a tentative bill before the final bill is required to be presented Not Required - Indicates that a tentative bill before the final bill is not required to be presented. Ensure that 'Not Required', is specified in this field if the Pricing Basis selected is 'FP per month'
Billing Horizon - Provisional	Use the drop-down list box to select the horizon period for which the Provisional milestone needs to be set. Monthly Leave this field blank if ‘Provisional Billing is set as 'Not Required' By default the system leaves this field blank.
Billing Milestone – Provisional	Use the drop-down list box to select the date on which the milestone needs to be set. Beginning of Horizon : Provisional Billing Milestone will be set at the beginning of the horizon End of Horizon Provisional Billing Milestone will be set at the end of the horizon. Leave this field blank if ‘Provisional Billing is set as 'Not Required' By default the system leaves this field blank.
Process Prov. Bill After (in days)	Indicates the number of days after which the provisional bill will be presented for payment. Data entry in this field is mandatory if “Required” is selected in the “Provisional Billing” drop-down list box. Mandatory. Leave this field blank if ‘Provisional Billing is set as 'Not Required'
Pay Term – Provisional	The code identifying the pay term associated with the customer for provisional billing. Mandatory.
Pay Term – Provisional	The code identifying the pay term associated with the customer for provisional billing. Leave this field blank if ‘Provisional Billing is set as 'Not Required'
Inv Category – Provisional	Use the drop-down list box to specify the category to which the Provisional invoice belongs Mandatory. The system lists all the category codes in 'Active' status defined against the Category Type: 'Invoice Category' under the Category master Leave this field blank if ‘Provisional Billing is set as 'Not Required' By default the system leaves this field blank.
Estimated Usage Based on	Use the drop-down list box to select the basis on which the provisional bill will be generated. The system lists the following options Flat Value Prev. Act. Usage By default the system leaves this field blank.
Estimated Usage	The estimated usage for billing. Data entry is mandatory in this field if Flat value' is selected in the 'Estimated Usage Based on” field. Ensure that the value entered in this field is a valid positive integer, greater than ‘0’.
Min. Usage	The minimum guaranteed usage of the object for which pricing is defined. Ensure that the value entered in this field is a valid positive integer, greater than ‘0’. Leave this field blank if pricing basis for the record is set as 'FP per month'
Min. Qty.	The minimum guaranteed quantity of the object for which pricing is defined. Ensure that the value entered in this field is a valid positive integer, greater than ‘0’. Leave this field blank if pricing basis for the record is set as 'Usage Based'
On Demand	Indicates whether on demand billing is allowed, which could be “Allowed” or “Not Allowed”. Leave this field unchecked if pricing basis for the record is set as 'FP per month' and if the if provisional billing is set as 'Required'

Enter the following fields in the multiline:

Usage Update

Use the drop-down list box to to select the mode in which you wish to provide the actual usage for billing. You can select from the following options:

Consolidated - Select this option if you wish to provide a consolidated usage for billing
Individual Entity - Select this option if you wish to provide usage for individual entities for billing.

Ensure that ‘Individual Entity’ is selected in this field if pricing basis for the record is set as 'FP per month'

By default the system displays ‘Consolidated’ in this field.

Note: Billing Elemen, 'Pricing Basis' and 'Parameter is a unique combination.

Select the “Save Monthly Invoice Terms” pushbutton to save details.