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NSC | Understanding the Amount and Quantity computation of a Billing Schedule with Initial Amount
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
Judy Culanding | RPM | New to NetSuite
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