Recurring Pricing

For recurring products, the system dynamically generates the price when billing occurs, which enables the system to maintain a current recurring product price. The system uses either the basic list price or for more advanced pricing the PeopleSoft Enterprise Pricer to price products. The recurring price preview on the billing plan is also dynamically generated, which provides visibility for current and future billing periods.

Recurring contract lines can be added to contracts that do not separate fixed billing and revenue. The amount billed and the amount recognized for revenue are always the same on recurring lines. Although the Recurring Billing amount is entered on the Billing Allocation page, this amount is not used for processing billing and helps only in determining the total contract price. Recurring amounts are included in the allocation of total contract price along with other contract line price types.