Repricing is not updating the total invoice value over the period

Summary:

I have a subscription with the product which is valid from 01.07.2023 till 31.12.2024. The product charge is set up for 2023 and 2024 with yearly periodicity. In the billing summary I see two invoices: for year 2023 and for year 2024, however the price on the last invoice is not the same as charge created for the product for year 2024. I have done service mapping set up based on the note below, however it has not helped with the price update. Additionally, we have Price Adjustment Type as Reprice selected on the product.

It would be great to know if it possible to set up subscription product in that way where I have two invoices for different years and the price within is updated accordingly to Price list.