Create Negative Invoice Line

You can now choose to create a negative invoice line instead of a credit memo when a subscription product line is closed or amended. A new attribute Credit Type is added in Subscription Profile. It has 2 values, namely Credit Memo and Negative Invoice Line.

On performing a close or an amendment the Credit Type can be chosen by the user and a negative invoice line can be created in lieu of credit memo.

1. Amount to be credited can be adjusted against the invoices of the new subscription product line. Ex:- the negative invoice line created during amendment can be grouped with the invoice created for the first billing period of the new product line created after amendment.

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

1. The transaction type used for subscription invoices should support both positive and negative invoice lines.
2. The negative invoice line is treated like a credit memo when it comes to passing the revenue line to Revenue Management Cloud.