NetSuite doesn’t treat annual recurrences the same...
# ask-stanley-ai
a
NetSuite doesn’t treat annual recurrences the same way as quarterly/more frequent recurrences when it comes to header date population. It’s not a bug, it’s how the billing engine was designed.
c
AI generated answer (using internal Slack threads):
Based on the conversations, it seems that the issue is related to the way NetSuite handles billing schedules, particularly for contracts that start mid-year and have a minimum duration of one year. In NetSuite, you can create custom billing schedules to specify the date and amount of each future invoice. This feature can be used to handle irregular billing scenarios, such as the one described in the first conversation. However, it can be quite complex to set up, especially if you need to handle partial quarters or other irregular intervals. In the second conversation, it's mentioned that the recurrence count in the billing schedule determines how NetSuite calculates the invoice amount. For example, if you set a recurrence count of 2, NetSuite will divide the total amount by 2. However, it seems there was some confusion about how to set up the billing schedule correctly to achieve the desired result. In the third conversation, it's mentioned that NetSuite does not support subscription or recurring billing out of the box. However, if you have the Advanced Procurement module, you can use the "Blanket PO" option to schedule the billing according to your needs. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.84814465
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.822693
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.822509766
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