Creating a Subscription Plan in SuiteBilling

🚨 Problem: Need to create subscription plans in NetSuite but not sure how? 🚨

This tutorial will guide you through the steps to create subscription plans in NetSuite, enabling seamless management of your recurring services. 📅💼

Step-by-Step Guide 📋

1. Introduction to Subscription Plans

• A subscription plan consists of various items such as recurring services, usage, commit plus overage, and one-time charges. 💡
• You can simplify the process by using add-on item lines without needing a full plan or price book.

2. Navigate to Subscription Plans

• Go to Lists > Subscription > Subscription Plans > New to create a new subscription plan. 🔍

3. Enter Subscription Plan Details

• In the Name field, enter a name for your plan (e.g., “My First Plan”). ✏️
• Select the Initial Terms (e.g., one year) from the dropdown menu. 📅
• Various options are available for the subscription term length.

4. Understand Subscription Term Options

• The standard term aligns all items based on the subscription start date and indicated term.📅
• For custom terms, set the subscription level end date, which defines the end date for all items.
• Note that one-time subscription lines are only active for one day.⚠️
• The subscription level end date for custom terms remains editable until any subscription line becomes active.🔄

5. Evergreen Term Setup

• The evergreen term allows revenue to continue for two years unless the invoicing preference is extended. ⏳

6. Configure Line Items

• In the Line subtab, select items in the Item column. 🛠️
• Specify if the item is Required or optional.✔️
• Choose the Type (options include one-time, recurring, usage, commit-plus overage).🔍
• Set the Billing Mode to either in advance or in arrears.💳

7. Include Renewal Preferences

• You can choose to include items in renewal subscriptions and set the Prorate Start Date and Prorate End Date if necessary. 🔄

8. Adding Items to Subscription Plan

• Click on Add for each item line to include them in the subscription plan. Repeat this for all necessary items. ➕

9. Set Renewal Preferences

• On the Renewal subtab, set preferences for automatic renewal and uplift pricing, if enabled. 📈
• Define price increases at renewal using the uplift percentage and frequency fields.

10. Price Book Setup

• After setting up your subscription plan, a Price Book subtab will become available, allowing you to create a price plan for each item. 💰

Congratulations! 🎊By following these steps, you’ll be able to successfully create a subscription plan in SuiteBilling! 💰📈

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