SuiteBilling Terminology
The following terms are used when referring to SuiteBilling:
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Billing Account: Shows customer or subcustomer billing information, including the billing schedule, bill-to address, ship-to address, and currency.
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Billing Operation: Automates the process of rating and invoicing charges.
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Change Order: Changes the status of a subscription or subscription line items. For example, a change order would change a subscription from Pending Activation to Active status.
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Charge-Based Billing: Creates charges to bill customers. Examples include project milestones, travel expenses, and time entered.
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Price Plan: Sets item prices, including volume or tiered pricing. You enter amounts in price plans. Price plans are defined in a price book.
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Price Book: Defines pricing for a collection of items or services that are sold as part of a subscription plan. A single subscription plan can be associated with multiple price books. Price plans are defined in a price book.
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Ratable Event: Tasks on a subscription line item that affect charge calculations. Examples of actions that cause ratable events include:
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Activating, suspending, terminating, renewing and reactivating a line item
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Modifying quantities, pricing, and rates on a line item
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Saving a change order
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Rating: Creating charges for subscription line items. NetSuite calculates charges for subscription line items using their quantities, pricing shown in the price plan and price book, the usage and effective date of the subscription, and the status of the subscription and its line items. To set and change the status of subscription line items, use a change order. For details, see Managing Rating Runs.
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Subscription: Includes the items being sold and the price and quantity for each item. A subscription is specific to one customer.
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Subscription Plan: A template of all the items sold as part of a subscription. The subscription plan includes price book information and renewal information. A subscription plan would also show possible bundles a company offers to its customers.
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Usage: Defines the subscription line item charge for a consumable resource, like money, time, software licenses, or internet data. For instance, a mobile phone service subscription may have a line item for a monthly fee. The monthly fee includes a specific amount of minutes or data in your customer’s plan. When this included amount is exceeded, additional charges may apply. Using commit plus overage line types, you can charge in advance for a committed usage quantity and charge for overage if more than the committed quantity is used. In NetSuite, you account for the usage amount included in a subscription when creating the subscription plan.