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Read on for the latest updates including:
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• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
How does Interval Value vs Recurring amount get calculated if term is Custom
Hi
According to SuiteAnswers 106266, the calculation is as follows:
Total Interval Value is the total amount of charges during the full term of the Subscription.
Recurring Amount is the amount paid per billing schedule or frequency.
Example:
Item Quantity: 10
Price: 100
Billing Frequency: Monthly
Initial Term: 12 months
Total Interval Value
10 x 100 x 12 = 12,000
Recurring Amount
10 x 100 = 1,000
What if the Initial term is Custom with the following start and end dates:
Start Date 16.12.2024
End Date 30.06.2025
Billing is Monthly
Please advise.
Thank you.
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