Recurring Items tab

This Help File Page was last Modified on 09/13/2018

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Recurring Items tab

This Help File Page was last Modified on 09/13/2018

Recurring Items - Enter any proposed Recurring Revenue(s) and/or Recurring Service(s) that will be offered with this Proposal:

The Revenue sub-tab on the Recurring Items tab within the Proposals Form allows you to enter the Sale-Purchase Item code, Description and Monthly Rate for one or more Recurring Revenue charges that would be assessed for the on-going Services that are being offered with the system installation defined in the Proposal Items tab.

 

HelpFilesProposalRecurringItemsRevenueTab

Recurring Items tab - Revenue sub-tab

 

The Service sub-tab on the Recurring Items tab within the Proposals Form allows you to enter the Service Type code, Description and related information for any ongoing system maintenance of the installation defined in the Proposal Items tab.

 

HelpFilesProposalRecurringServiceItemRecord

Recurring Items - Service sub-tab

 

Recurring Items - Revenue sub-tab

What type of Recurring Revenue item will this be?

Indicate whether this is an Open Term billing (ex. charges for Monitoring, an Extended Warranty or Service Contract, or Opening & Closing Services), or a Fixed Term billing such as a time-payment purchase plan or an internally financed fixed term equipment or full installation lease.

Click the Revenue tab.

Click the New button above the Revenue sub-tab.  (You may add as many new items as needed, one at a time.)

Click on the appropriate button to indicate whether this will be an Open Term or Fixed Term item.

The initial set of instructions below will deal with Open Term billing.

Then, the Fixed Term billing entry will be explained.

 

Open Term Billing (such as a charge for Monitoring or Opening & Closing Report Services):

Click the Revenue tab.

Click the HelpFilesNavigationMenuNewIcon above the Revenue sub-tab.

The Proposed Recurring Revenue Form will be displayed

 

Click on the Open Term radio button.

The Proposed Recurring Revenue Form will present the specific fields required to define an Open Term Recurring Revenue item (see below)

 

HelpFilesProposalRecurringRevenueItem

Open Term version of Proposed Recurring Revenue Form

 

This Proposed Recurring Revenue Form is divided into sections (sometimes surrounded by boxes).

Complete each section of this Form - as needed.

If you have not already done so, Click the Open Item radio button.

When this Proposal (and the Prospect) is Converted to a Subscriber, this Proposed Recurring Revenue information will be transferred to the Subscriber's Recurring Revenue Form.

 

Billing Information - This section deals with When and How frequently this service will be billed:

 

HelpFilesProposalRecurringRevenueItemBillingInformation

Open Term Billing Information section

 

Frequency - Using the Drop-Down Selection List provided, Choose how often this item is to be billed:

Annually - They will be billed once each year for 12 months of service.  

Bi-Annually - They will be billed once every other year for two years of service.

Bi-Monthly - They will be billed once every two months for two months of service.

Monthly - They will be billed once every month for one month of service..

Quarterly - They will be billed once every three months for three months of service.

Semi-Annually - They will be billed once every six months for six months of service.

Start Month - Using the Drop-Down Selection List provided, Choose the month this billing would be started.

Billing Cycle - If you have previously defined multiple Recurring Billing Cycles (or are simply using any of the system's Recurring Billing Cycle default choices) to implement the multiple recurring billing process (whereby different groups of Subscribers may be billed at different times within the same month), use the Drop-Down Selection List to Choose the appropriate Recurring Billing Cycle.

Cost Applies - There are two ways the predefined cost for this service may be applied. Use the Drop-Down Selection List to make your choice.

1.Monthly - The charge will be the predefined Pay Group Amount multiplied by the number of months of service being billed - unless you override the default price with a Custom Pay Amount (see below).

2.Per Billing Frequency - The charge will be the pre-set Pay Group Amount regardless of the number of months of service being billed - unless you override the default price with a Custom Pay Amount (see below).

Sale Item - Using the Drop-Down Selection List , Choose the Proposed Recurring Revenue Service to be billed from among those that you previously defined in the Sale-Purchase Items Form.

The Pay Group (you will assign in that step below) determines the Price that will be shown on the Proposal.

If you want to assign a special Recurring Billing Price for this specific Subscriber, use the Custom Pay Amount feature (see below).

Description - Enter a Description for this Service - by default the system will enter what you defined in the Sale-Purchase Items Form.

Start Date - By identifying when the billing will start, you can set up billing to start after the time you expect the Proposal to be accepted and the installation to be completed.

 

HelpFilesProposalAutoBillStartMonth

Month and Year Selector

 

Using the Select Month and Select Year dialogue box - with Drop-Down Selection List-to Choose the Month, and  enter the Year (us the up or down arrow to Select the appropriate Year) in which this Service is (was) to be started.

Click OK to save your selections.

End Date - Optionally, you may enter a date when this Open Item would end if you were offering no contract renewal for this particular service, or because of some other proposed arrangement with your Prospect.

Pay Group - Use the Drop-Down Selection List to Choose the appropriate Pay Group for setting the Price for this service.

Remember the Price set is still subject to how you assess the Price (Monthly or on a Per Billing Cycle basis) based on your Cost Applies selection (see above).

Custom Pay Amount? - Check this box if the Price for this service has not been predefined as one of the Pay Groups.  

Monthly Amount - Enter the Amount that will be charged.

 

HelpFilesProposdalCustomPayAmount

Custom Pay Amount entry

 

Exclude Period Covered - Labeled "Excl Period Covered" -  

 

HelpFilesProposalFixedTermExcludePeriodCovered

If you do not want the Monthly Rate and Number of Months being billed to be printed on their Invoice, Check the Excl Period Covered box.

One Month Discount for Annual Payment - Check 1 Month Discount to provide One Month Free for Annual Payment of this service.

Only available for Annually billed services (see Billing Frequency above),

A One Month Free for Annual Payment message will be printed on their Invoice.

A separate line item, subtracting one monthly amount will be included on the Invoice.

Department - For General Ledger Users, enter the Department Number that will earn this Recurring Revenue.

 

HelpFilesProposalRecurringRevenueItemTaxRules

Local Sales Tax Only

 

Local Tax Code - Use the Drop-Down Selection List to Choose the appropriate Tax Rate ID Tax Rate Code.

Rate - This value will be assigned automatically based on the assigned Tax Rate ID Tax Rate Code.

Note: If the ShowTaxAndTotalPerLineItemScreen option is set to True ("T") in Company Settings, the Rate field will display a Tax Percentage Rate with up to three (3) Decimal Places, otherwise only two (2) Decimal Places will be displayed.

National Tax Code - If you must charge a National Sales Tax, enter the appropriate National Tax Code.

Rate - This value will be assigned automatically based on the National Sales Tax Rate #1 identified on the Tax tab of the User Options Form

 

HelpFilesProposalRecurringRevenueItemTaxRulesWithNational

Local and National Sales Taxes

 

When the MultinationalTax option is set to False ("F") by default in Company Settings and a National Sales Tax (or a National and Local Sales Tax) is identified in the Tax tab of the User Options Form:

oIf a Proposal is being entered with a Recurring Revenue Item, the Natl Tax field is set to 1 by default, but may be reset to N, E, 1, 2, or 3 as needed.

 

HelpFilesProposalRecurringRevenueAttritionInfo

Attrition Info - If (when) this item is converted to an actual Recurring Revenue record, what will be the Attrition Type that bests describes how this Account was acquired?

Acquired How - Use the Drop-Down Selection List to Choose the appropriate Attrition Type .

Wholesale Billing - Group & Rate Information - For those who are, and for those that use a Contract Monitoring Provider:

 

HelpFilesProposalAutoMillWholesaleGroup&Rate

This area accommodates reporting when your Company is billing the Alarm Dealer's Monitoring Accounts and you are their Contract Monitoring Provider, and the tracking of what is owed when you use a Contract Monitoring Provider.  (Refer to the Auto Bill chapter for detailed information about Wholesale Groups).

Click the Save  button to record this Revenue item.

The Proposed Recurring Revenue Form will be closed.

 

A Detail Line Item for this Open Term Recurring Item will be inserted in the Revenue Tab.

 

HelpFilesProposalRecurringItemsRevenueTab

Recurring Items tab - Revenue sub-tab

 

Item - The selected Sale-Purchase Item code.

Description - The default Description of the selected Sale-Purchase Item code

Price - The Price - either from the selected Pay Group, or entered as a Custom Pay Amount.

Frequency - The number of months billed per Invoice.

Total - The Price multiplied by the Frequency.

Repeat this procedure to add as many Revenue items as needed.

 

Fix Term Billing (for proposed Time-Payment Purchase Plans or internally financed fixed term equipment or full installation Leases):

 

HelpFilesProposalRecurringFixedTerm

Fixed Term item entered for Proposed Recurring Revenue

 

Billing Information - This section deals with When and How frequently this Payment will be billed:

 

HelpFilesProposalRecurringFixedTermItem

Fixed Term Billing Information section

 

Click the New button above the Revenue sub-tab.

Click the Fixed Term radio button.

Frequency - Using the Drop-Down Selection List, Choose how often this Payment would be billed:

Monthly - They will be billed once a month for the installment payment.

Quarterly - They will be billed once every three months for their installment payment.

Although other Billing Frequency choices are available, it would be unusual for them to be used here.

See Open Term Billing above for the other choices.

Start Month - Using the Drop-Down Selection List, Choose the month their Payments would be started.

Billing Cycle - If you have previously defined multiple Recurring Billing Cycles (or are simply using any of the system's Recurring Billing Cycle default choices) to implement the multiple recurring billing process (whereby different groups of Subscribers may be billed at different times within the same month), use the Drop-Down Selection List to Choose the appropriate Recurring Billing Cycle.

Payment - Calculated by the system automatically based on the Start Date, Number of Repayments and the Balance Due

Sale Item - Using the Drop-Down Selection List, Choose the fixed term Payment Category that would be billed from among those that you previously defined in the Sale-Purchase Items Form.

If you will be offering Installment Payment Plans, you should have created a generic "Installment Payment Plan" (or several with the type of Payment represented) in Sale-Purchase Items.

It's Description - Enter a Description for this Payment - by default the system will enter the Description you defined for the selected Sale-Purchase Item.

Start Date - Identify when the billing would start:

Using the Select Month and Select Year dialogue box - with Drop-Down Selection Lists for each - enter the Month and Year this Payment obligation would start.

Click OK to save the date.

End Date -Enter the Date when this Fixed Term Item should end.

Using the Select Month and Select Year dialogue box - with Drop-Down Selection Lists for each - enter the Month and Year this Repayment obligation would end.

Click OK to save the date.

Balance (Pay Group) - Enter the Amount to be Financed or the Gross amount of the Lease.

Number of Repayments - Enter the agreed upon Number of Payments for satisfying the Balance.

This Number of Payments entry must be between 1 and 999.

Department - For General Ledger Users, enter the Department Number that will earn this Recurring Revenue.

 

HelpFilesProposalRecurringRevenueItemTaxRules

Local Sales Tax Only

 

Local Tax Code - Use the Drop-Down Selection List to Choose the appropriate Tax Rate ID Tax Rate Code.

Rate - This value will be assigned automatically based on the assigned Tax Rate ID Tax Rate Code.

National Tax Code - If you must charge a National Sales Tax, enter the appropriate National Tax Code.

Rate - This value will be assigned automatically based on the National Sales Tax Rate #1 identified on the Tax tab of the User Options Form

 

HelpFilesProposalRecurringRevenueItemTaxRulesWithNational

Local and National Sales Taxes

 

When the MultinationalTax option is set to False ("F") by default in Company Settings and a National Sales Tax (or a National and Local Sales Tax) is identified in the Tax tab of the User Options Form:

oIf a Proposal is being entered with a Recurring Revenue Item, the Natl Tax field is set to 1 by default, but may be reset to N, E, 1, 2, or 3 as needed.

 

Exclude Period Covered - Labeled "Excl Period Covered" - will be Checked automatically.

 

HelpFilesProposalRecurringRevenueAttritionInfo

Attrition Info - If (when) this item is converted to an actual Recurring Revenue record, what will be the Attrition Type that bests describes how this Account was acquired?

Acquired How - Use the Drop-Down Selection List to Choose the appropriate Attrition Type .

 

HelpFilesProposalFixedTermExcludePeriodCovered

Click the HelpFilesNavigationMenuSaveIcon to record this Revenue item.

The Proposed Recurring Revenue Form will be closed.

 

A Detail Line Item for this Fixed Term Recurring Item will be inserted in the Revenue Tab.

 

HelpFilesProposalFixedTermRecurringItemsRevenueTab

Recurring Items tab - Revenue sub-tab - Fixed Term item

 

Item - The selected Sale-Purchase Item code.

Description - The default Description of the selected Sale-Purchase Item code

Frequency - How often this Fixed Term Payment is Billed..

Price - The Price - either from the selected Pay Group, or entered as a Custom Pay Amount.

Total - The Full Repayment Amount.

Repeat this procedure to add as many Revenue items as needed.

 

Recurring Items - Service sub-tab

Enter any proposed Recurring Services that will be offered with this Proposal.

The Service sub-tab provides for the entry of the description, starting date, type and frequency for whatever Recurring Services which are being proposed (the cost for which should be included among the Revenue tab's entries defined above) for this system installation.

Recurring Services entered on the Service sub-tab should correspond with Recurring Revenue charges entered in the Revenue sub-tab.

Click the HelpFilesNavigationMenuNewIcon to start a Recurring Service entry.

 

HelpFilesProposalRecurringServiceItemNew

Add New Record Option on the Service sub-tab of the Recurring Items tab on the Proposal Form

 

Service - Use the Drop-Down Selection List to Choose a Service Type code for this Recurring Service.

Description - The default description of the chosen Service Type will be inserted automatically.  It may be modified.

Start Date - Enter date that this service should start.

Fire Type - Using the Drop-Down Selection List provided, if this is a recurring Fire Alarm Test or Fire Extinguished Inspection service, Choose the appropriate description.  Otherwise, Choose None.

Frequency - Using the Drop-Down Selection List , Choose the frequency of, or time period covered for this service, as appropriate.

Start Month - Using the Drop-Down Selection List , Choose the month this service coverage begins.

Click the HelpFilesNavigationMenuSaveIcon on the Recurring Items tab to record this Service item.

 

HelpFilesProposalRecurringServiceItemRecord

Recurring Items - Service sub-tab

 

To enter another Recurring Service, Press the down arrow i and repeat this process.