Recurring Contract Lines

A recurring contract line is a product or service for which you charge recurring bills. With a revenue recognition method of Billing Manages Revenue, for a recurring contract line, you do not associate the contract line with a revenue plan. However, you must associate the recurring contract line with account distribution information using distribution sets and distribution codes or by manually entering PeopleSoft General Ledger ChartField information on the Accounting Distribution page.

When setting up billing for recurring contract lines, you must select the recurring billing method. There are no billing plan lines or events associated with a recurring billing plan. You define the start date and schedule, and each time the plan is eligible for billing, the system generates the appropriate invoice lines and sends them to PeopleSoft Billing along with the accounting distribution.