Incorrect Termination Amount on Contracts Terminated having unequal billing schedules for each year/
We have been seeing issues with Termination for almost 4 years now for Contracts where there are unequal amounts that were billed on a single Line. Raised an SR as well but to no avail. I am re-iterating the scenario here so that we can get an alternative
A Contract is to be scheduled for 5 years say for Monthly billing for $ 1000
Period: 01-Jan-16 to 31-Dec-2020
Contract Amount: $60, 000
Item Type: Product
Billing Schedule Monthly , Advance Invoices Method and Top Level/Covered Level (Issue for any level)
1st Year Schedule
$1000 from Jan-16 to Dec-16
Contract Amount: $60,000
Billed Amount in first Year: $12,000
We change the amount after each year to reflect CPI ( Cost Performance Index) say $1200 each year i.e. $100 per month and is cascaded to the rest of the unbilled schedules i.e from Jan-17 to Dec-2020