NetSuite’s billing solution, SuiteBilling, automates invoicing operations. Combine flat, tiered and consumption-based options with promotions, volume discounts and customer-specific rates for maximum flexibility. Support for multiple pricing models and complex rating scenarios make it easy to generate accurate invoices. And, SuiteBilling lets you manage the entire subscription lifecycle: Modify subscriptions and prorate billing, consolidate multiple charges on a single invoice and auto-generate renewal invoices to improve retention.
Features needed to be enabled for SuiteBilling
- SetUp> Company> Enable Features> Under Transactions subtab (select all the billing checkboxes in billing)
- SetUp > Accounting > Invoice Preferences > Charge > default Recurring Invoice date “One Day before Next Cycle Date“
- Setup> Accounting> Accounting Preference> Transactions, check Consolidate Projects on Sales Transactions
- Note: Disable the Employee Commissions feature, to enable Subscription Billing. To disable commission navigate to Setup > Company > Setup Tasks > Enable Features> clear the Employee Commissions box.