Calculate number of billing periods automatically
Summary:
Can number of billing periods be calculated automatically? This will prevent manual errors resulting in incorrect revenue if not caught.
For example, if we input 1 year quarterly, the number of billing periods should be automatically calculated to 4 periods. The amount of manual mistakes would decrease significantly. but because the billing periods were incorrect, we would’ve lost out on $750K/year revenue that could’ve been prevented if # of billing periods were automatically calculated.
example:
We have added Duration as 1 and period as 'Year' and given the billing frequency as quaterly and amount as 40,000
1)Now when we give no of billing periods as '4', It generates 4 recurring invoices for 10,000 amount earc period---> Its correct