Fixed fee billing schedules
A billing schedule can include billing for fixed fees, such as monthly service fees for a fixed amount of space leased to tenants. The fixed fees are copied to sales orders when a bill batch is created for the billing schedule. The sales orders are copied to the bill batch.
Example of recurring billing of fixed fees
The A1 Service Company provides building maintenance services to the offices of the law firm of Stein, Brown, and Roberts (SBR). The customer agreement for the services specifies that SBR is charged $4500 a month for general maintenance work. This amount is entered as a fixed fee on the customer agreement billing schedule. SBR is automatically billed $4500 on the 15th of each month. The billing process for the fixed fee consists of billing the fixed fee contained on the billing schedule on the day specified on the billing schedule.