Create a Service Contract Subscription Line
While creating a service contract, you can add subscription lines for recurring sale of items associated with the contract over a period of time.
A subscription line can include many serviceable items, both tangible and intangible, within each line along with their pricing terms. You must create and manage a subscription line with the same Enterprise Contracts UI that's used for creating a contract. You must enter the following additional information for a subscription line to be processed:
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Number: Line number of the subscription line for the item selected.
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Start Date: Start date of the subscription line. This value can be changed and might differ from the start date of the contract.
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End Date: Date until which the subscription line is valid. This value can be changed and might differ from the start date of the contract.
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Line Quantity: Number of subscriptions of each item selected.
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Name: Inventory item name of the subscription line.
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Price UOM: Optional for service contracts. It means the unit of measurement for pricing. For example, the Price UOM can be 'Each'.
After creating a subscription line, you can review the billing schedule of each item within the line. You can create more subscription lines by following the same process. In case of amendment to the contract lines, you must regenerate the billing schedule for the changes to reflect on the contract.
In addition, you can create, change and cancel subscription items in the contract, after which you can submit the contract for approval.
Before creating a subscription line, ensure that the Sales Product Type and Service Duration Type fields are set up in the Create Item task.