Creating a Standalone Subscription in SuiteBilling

🚨 Need to create a standalone subscription in NetSuite? 🚨

This tutorial will guide you through the steps to set up a standalone subscription effectively. 💻📅

Step-by-Step Guide 📋

1. Navigate to Create Subscriptions
   • First, go to Transactions, then Subscriptions, and select Create Subscriptions. 🗂️
2. Fill Out Key Fields
   • You will need to fill out some key fields. 📝
3. Select Customer
   • In the Customer field, select the customer for whom you’re creating the subscription (e.g., “About The Cloud”). 👤
   • You can create a new customer if needed.
4. Autofill Fields
   • After selecting the customer, NetSuite will autofill the Subsidiary and Currency fields according to the customer settings. 💱
   • You can also select a Subsidiary if applicable.
5. Create Billing Account
   • You can create a new Billing Account if required. 🏦
   • Note that you cannot activate the subscription until the Billing Account matches the Customer, Subsidiary, and Currency values.
6. Select Subscription Plan
   • In the Plan and Term, select a Subscription Plan (e.g., “Consumption Plan”). 📅
   • Only plans with matching Currency and Subsidiary values will be available.
7. Choose Price Book
   • If needed, select a Price Book from the list. 💰
   • The options available may vary based on your subscription plan.
8. Define Subscription Details
   • On the right-hand side, specify the Start Date (default is today’s date). 🗓️
   • Optionally, define Class, Department, and Location for reporting purposes.
9. Add-On Items and Discounts
   • You can define one or more add-on items and apply discounts as needed. 🎁
   • Discounts can apply to one-time usage, commitments, overages, and recurring subscription line items.
10. Advanced Revenue Recognition
    • If enabled, set your revenue recognition option accordingly. 💹
    • You can define an Uplift Percentage if you want to increase pricing at renewal.
11. Save Subscription
    • Once you’re happy with everything, click Save in the bottom left or top left. 💾
    • Remember to activate each line individually after creating the subscription.

Congratulations! 🎊 You’ve successfully created a standalone subscription in SuiteBilling! 🌟🎉

If you found this tutorial helpful, please subscribe to this channel for more tips and tutorials. Visit www.KOLLENO.com for more tools to enhance your accounting processes! 🎥✨