How You Implement Recurring Billing

Set up for recurring billing to create and manage recurring billing bill plans. You use recurring bill plans to generate a set of transactions with the same header and line information over a period of time agreed upon between you and the customer.

To set up for recurring bill plans, complete these tasks:

• Set Receivables System Options for Recurring Bill Plans

• Set Up Transaction Sources for Recurring Bill Plans

• Set Up Transaction Types for Recurring Bill Plans

Set Receivables System Options for Recurring Bill Plans

To set Receivables system options for recurring bill plans:

1. Navigate to the Create System Options or Edit System Options page.

2. Select the applicable business unit.

3. Click the Billing and Revenue tab, if it isn't already displayed.

4. In the Transactions section, enable the Enable recurring billing option to activate features in Receivables for recurring bill plans. This includes:

   • Recurring Bill Plan pages

   • Recurring Bill Plan attributes in the Manage Transactions page and the Edit and View Transaction pages

   • Generate Recurring Billing Data process

5. In the Transactions section, enable the Allow change to printed transactions option if you want to be able to update installments on transactions generated by a bill plan after the transaction was printed and delivered.

6. Complete or update the rest of Receivables system options according to your requirements, and save.

Set Up Transaction Sources for Recurring Bill Plans

Receivables provides the predefined transaction source ORA_RecurringBilling. This transaction source appears by default on the Create Recurring Bill Plan page. You can set up additional transaction sources for use with recurring bill plans according to your needs.

To set up a transaction source for recurring bill plans:

1. Navigate to the Manage Transaction Sources page.

2. Click the Add icon.

3. In the Transaction Source Set field, select the Common Set.

4. In the Name field, enter a name for this transaction source for recurring bill plans.

5. In the Description field, enter a description for this transaction source.

6. In the Type field, select Imported.

7. Enter the dates that this transaction source is active.

   Note: You can only use transaction sources that are active on or before the first transaction date specified on the bill plan, and are active during the entire life of the bill plan.

8. Enable the Automatic transaction numbering option and enter a number in the Last Number field.

9. In the Standard Transaction Type field, select Invoice or another transaction type that you have defined for use with recurring bill plans.

10. In the Invalid Line field, select Reject Invoice.

11. In the Accounting Date in a Closed Period field, select Adjust.

12. In the Grouping Rule field, select the grouping rule to use to group invoice lines into invoices.

13. Ensure that Oracle CPQ Cloud Integration isn't enabled.

14. Complete the remaining settings according to your requirements, and save.

Set Up Transaction Types for Recurring Bill Plans

Set up Invoice transaction types for use with invoice transactions created by a recurring bill plan.

Receivables provides the predefined transaction type Invoice. This transaction type appears by default on the Create Recurring Bill Plan page. You can set up additional Invoice transaction types for use with recurring bill plans according to your needs.

To set up an Invoice transaction type for recurring bill plans:

1. Navigate to the Manage Transaction Types page.

2. Click the Add icon.

3. In the Transaction Type Set field, select the Common Set.

4. In the Name field, enter a name for this transaction type for recurring bill plans.

5. In the Description field, enter a description for this transaction type.

6. In the Transaction Class field, select Invoice.

7. In the Transaction Status field, select Open, Closed or Pending.

   You can't create a Void transaction type for use with recurring bill plans.

8. Enter the dates that this transaction type is active.

   Note: You can only use transaction types that are active on or before the first transaction date specified on the bill plan, and are active during the entire life of the bill plan.

9. In the Creation Sign field, select Positive Sign.

10. In the Generate Bill field, select Yes.

11. Ensure that the Open Receivable and Post to GL options are enabled.

12. In the Reference Accounts section, enter a Revenue account.

13. Complete the remaining settings according to your requirements, and save.