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• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
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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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