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Renewal Process: Examples
The following examples demonstrate what happens when a renewal process is executed.
With Billed Lines
This example demonstrates the renewal process with billed lines. The number of lines added per renewal is 1.
Before the renewal process, the billing schedule is as follows:
Billing Start Date | Billing End Date | Billed |
January 01, 2017 | January 31, 2017 | Yes |
February 01, 2017 | February 28, 2017 | Yes |
March 01, 2017 | March 16, 2017 | Yes |
After the renewal process, two lines are added and the billing schedule is as follows:
Billing Start Date | Billing End Date | Billed | Comment |
January 01, 2017 | January 31, 2017 | Yes | |
February 01, 2017 | February 28, 2017 | Yes | |
March 01, 2017 | March 16, 2017 | Yes | |
March 17, 2017 | March 31, 2017 | No | Line is added to complete the partial billing period. |
April 01, 2017 | April 30, 2017 | No |
With Unbilled Lines
This example demonstrates the renewal process with lines that have not yet been billed. The number of lines added per renewal is 1.
Before the renewal process, the billing schedule is as follows:
Billing Start Date | Billing End Date | Billed |
January 01, 2017 | January 31, 2017 | Yes |
February 01, 2017 | February 28, 2017 | Yes |
March 01, 2017 | March 16, 2017 | No |
After the renewal process, the unbilled line is adjusted and one line is added and the billing schedule is as follows:
Billing Start Date | Billing End Date | Billed | Comment |
January 01, 2017 | January 31, 2017 | Yes | |
February 01, 2017 | February 28, 2017 | Yes | |
March 01, 2017 | March 31, 2017 | No | This line is adjusted to complete the partial billing period. |
April 01, 2017 | April 30, 2017 | No |