One-time subscription is invoiced on the next billing date after it is purchased with charge type One-time fee. Reservations are special types of subscriptions that could be purchased with monthly or upfront payment. The term duration can be 1 or 3 years.
In case of the reservation have been purchased with monthly Billing Frequency, then price have been divided based on term duration, (price for license/month count in term durations period) and have been invoiced as a monthly fee for term duration period.
In case of the reservation have been purchased with an upfront payment, then a One-time invoice have been issued to the customer.
One Time Fee with a one-time payment.
|Invoice 1||01/04/2020||13/03/2020||13/03/2020||One Time Fee||2||14 534.15||29 068.30|
One-time fee with monthly payment.
|Invoice 1||01/04/2020||13/03/2020||13/04/2020||Purchase Fee||2||1211.18||2 422.36|
|Invoice 2||01/05/2020||13/04/2020||13/05/2020||Cycle fee||2||1211.18||
|Invoice 3||01/06/2020||13/05/2020||13/06/2020||Cycle||2||1211.18||2 422.36|
Subscription purchased with 1-year term and monthly billing frequency, license cost for one-time payment for 1 year is 29 068.32, the fee for subscription divided on 12 months, 29 068.32/12 and monthly fee is 2 422.36