🚨 Need to Manually Renew a Subscription in NetSuite? 🚨
This guide will walk you through the process of manually renewing a subscription in NetSuite.
Step-by-Step Guide 📋
- Navigate to Subscription List
- Go to:
- Transactions > Subscriptions > Create Subscriptions > List.
- Select View for the subscription you want to renew.🗂️
- Go to:
- Choose Renewal Action
- Click Actions and then select Renew.🔄
- Select Renewal Term and Method
- On the renewal page:
- Choose a Default Renewal Term from the list.📅
- Choose the Method:
- Create New Subscription to generate a new record.
- Extend Existing Subscription to update the current subscription.
- If using Extend Existing Subscription, refer to the Uplift Pricing section for additional steps.
- On the renewal page:
- Configure the Subscription Details
- Define the Default Renewal Subscription Plan.🛠️
- Choose the Price Book (you can keep the existing one).
- Select Do Not Create Sales Transactions to prevent linking the renewal to any sales record (optional).
- Set Up Uplift Pricing (if enabled)
- If Uplift Pricing is enabled and you’re extending an existing subscription:
- Define the Percentage Renewal Uplift for subscription lines.📈
- NetSuite will automatically apply these price increases.
- If Uplift Pricing is enabled and you’re extending an existing subscription:
- Save the Renewal
- Once all renewal details are filled in, click Save.💾
Congratulations! 🎊 You’ve successfully manually renewed a subscription in NetSuite! 🌟🎉
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