Prepaid Balance Types
These are the prepaid balance types:
| Term | Definition |
|---|---|
|
Inclusive |
Prepaid amount that is included in the billing and revenue amounts of other goods or services. Inclusive prepaid amounts (also known as inclusive prepaids) are deducted from the amount to allocate on the Billing Allocation and Revenue Allocation pages. You can bill for an inclusive prepaid amount by using a billing plan that combines the billing for the inclusive prepaid amount with the billing for those goods or services with which this prepaid amount is included. For example, you sell a software license for 500,000.00 USD, and included in that license price is 50,000.00 USD for your consulting group to install the software. |
|
Non-Inclusive |
Non-inclusive prepaid amounts are not reflected in the billing and revenue amounts of your amount-based contract products. You can combine a non-inclusive prepaid with a billing plan that also has amount-based contract lines. For example, you offer customers a more favorable service rate if they prepay for 100,000.00 USD of consulting services. |