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NSC | Understanding the Amount and Quantity computation of a Billing Schedule with Initial Amount

edited Aug 22, 2025 7:52PM in Accounting / ERP

Scenario

The user created a Billing Schedule with an Initial Amount and wanted to understand how the Amount and Quantity were calculated after generating the initial Invoice

Computation and Explanation

Sales Order Data

  • Sales Order Total Amount = 120,000
  • Item Quantity = 1
  • Sales Date = 5/29/2025

Billing Schedule Data

  • Initial Amount = 10,000
  • Initial Payment Terms = Null
  • Recurrence Frequency = Monthly
  • Repeat Every = 1 month
  • Recurrence Count = 12
  • In Arrears = Unchecked
  • Recurrence Payment Terms = Null

Below is the Schedule generated from the setup above:

Amount Computation

  • First month: 10,000 (Initial Amount) + 9166.6667 (Monthly Amount) = 19,166.67
  • Monthly Amount: 120,000 (total amount) - 10,000 (Initial Amount) = 110,000 / 12 (12 months) = 9166.6667
  • Second until the last month = 9,166.67

Note that the last month amount will be adjusted automatically to make sure that all the Billed Amount is still equal to the Sales Order Total Amount

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