This activity allows users to define periodic invoicing parameters within the Contractor Agreement, specifying the invoicing frequency and charge periods. By setting these parameters, users can ensure that contractor invoices are generated consistently and in alignment with predefined billing cycles.
Note: When generating payment lines, the system will consider the Periodic Purchase Part and Periodic Amount defined on the Agreement Lines to ensure accurate invoicing based on the agreed terms. As such, ensure to define the Periodic Purchase Part and Periodic Amount when defining the parameters.
The Contractor Agreement must be set up with defined parameters.
As a result of this activity, parameters for periodic invoicing are defined.