Billing

Billing allows you to configure settings related to generating and presenting customerClosed In the context of the Cloud Monetisation Platform, an individual or organisation who has signed an agreement to take goods and services from a service provider. A customer receives a bill associated with one or more subscriptions, and can be a single end user or a large company with many subscriptions assigned to one agreement. bills. This includes Nominal Accounts, Tax Rates, Billing Media, and External Charge Cross References.

You can specify codes that can be used to groupClosed In the Customer Manager Platform hierarchy, the highest level of the structure. The group level can be used to group corporates. Groups can hold financial information. financial transactions for the Sales Ledger.

In accounting terms, a nominal accountClosed In the Cloud Monetisation Platform, a billing entity that can be used to manage payments on one or more subscriptions or payments for services. An account can hold details such as payments or invoices. is an account recording the financial transactions of a business in a particular category, rather than with a person or other organisation. Nominal Accounts are accounts related and associated to losses, expenses, income or gains, for example rental, usageClosed The consumption of services, for example a subscriber using call minutes., insurance, discounts, and so on.

Nominal codes are the unique reference numbers given to each nominal account for a business. Accounting transactions use these nominal codes so that money can be accurately allocated to the correct nominal account. For example, when you add a service to a tariff, the service has a specific nominal account code associated with it so that the charges for the service can be accurately recorded.

To create a nominal account, you:

  • Supply a nominal account code.
  • Provide a meaningful description for the account.

You can configure tax codes and associated tax rates to apply tax to services and usage. For example, configuring a service involves setting the associated service tax codes.

To configure a tax rate, you:

  • Provide a unique alphanumeric tax code.
  • Provide a meaningful description for the tax code.
  • Indicate whether the tax rate is inclusive or exclusive.
  • Associate the tax code with a tax rate, expressed as a percentage.

Billing Media is the different formats available for invoices, statements and itemised bills.

External Charge Cross References are the mappings between third partyClosed Of software; a reusable component developed to be either freely distributed or sold by an entity other than the original vendor of the development platform. charges and CMPClosed Converged Monetisation Platform. The MDS Global product that supports customer care and billing for digital service providers. service codes which are used to facilitate billing of external charges in CMP.

To create an external charge cross reference, you need:

  • A unique alphanumeric code (all uppercase) for the external identifier of up to fifty characters.

  • A brief meaningful description of the service code of up to six characters.