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If you expect to have end-customers who will consume several different services or product packages you offer, you can create Contracts for these end-customer Accounts. Depending on your accounting operations and invoicing requirements, when you create a Contract for an Account you can choose to use it for Account reporting purposes or for billing the Account on a Contract basis:
  • Accounts Reporting. If your invoicing requirements do not include billing end-customers on a Contract basis, you can create a Contract on an Account without enabling the Account for Contract billing. To serve your general accounting operations and processes, you can then report on total Contract values for the Account and the Contract has no effect on billing for the Account.
  • Contract Billing. If your invoicing requirements include billing on a Contract basis, you can set up a Contract for billing when you create it for an end-customer Account. Various billing entities associated with an Account can then be linked to the Contract to meet your specific Contract billing use cases.
This section explains how to create and manage Contracts for your end-customer Accounts and how to set up Contract billing for Accounts: A Contracts page is available which lists the Contracts you have created for you Organization by Account:
Contract Billing in Preview Release! Please note that the Contract Billing feature is currently available in Preview release version:
  • See Feature Release Stages for Preview release definition and guidance.
  • If you’re interested in previewing Contract Billing, please get in touch with m3ter Support or your m3ter contact.