This article will explain more further about the using of periodic billing in transaction. Here, I give example about service contract. Some customers have concluded maintenance contracts for computers with your company. You charge these customers an agreed amount each month.
Periodic billing is also part of billing plan type. Billing plan types are breakdown into two categories, there are:When processing an order, instead of storing a single billing date, you can store a detailed billing plan with several billing dates in the sales sales document at item level.