Bookshelf v7.5: Setting Up a Product with Recurring Prices

Setting Up a Product with Recurring Prices

If needed, administrators can perform the following procedure to set up a product with recurring prices.

To set up a product with recurring prices

From the application-level menu, select View > Site Map > Product Administration > Product Administration.

In the Products list, select the desired product.

NOTE: A check mark in the Service Instance check box identifies the product as a service.

Confirm that Price Type is set to Recurring.

Confirm that UoM (unit of measure) is set to Per Month.

In the More Info form, click the Show More button.

Locate the # of Revenue Occurrences field and enter the desired number of periods.

Some fields are described in the following table:


Field	Comments
# of Revenue Occurrences	Number of periods for which revenue is expected for the service or product. For example, if a phone line is expected to be leased for 2 years and charged on a per-month basis, the number of revenue occurrences would be 24.
Service Instance	Flag to indicate that the product requires a service point.
Ship	Flag to indicate that the product requires shipping to the customer.
Track As Asset	Flag to indicate that the product should be tracked as an asset. These are the items that will appear in the customer's service profile.
UoM	Unit of measure associated with the price of the item.