Hi Dsizzle,
How did you do your current method with 3 invoices? With just 3 subscriptions and playning with invoice and target date?
The Zuora support solution works, but I don't know if accountants like it that you would freely add revenue which is not invoiced and does not have a direct relation to the amount in the subscription (both are mandatory from an accountants perspective).
I may have an alternative for you:
Have you looked into the following extra features:
Split billing
Sequential Invoice Number for split billing
Then do the following:
- Create 1 subscription for the whole period: set the billing period on the charge to 3 years, amount of 72000 per billing period.
- Do a bill run to create one invoice (value of 72000), leave it in 'draft' status
- Use 'more'-'split billing' on the invoice to split the draft invoice in 3 parts: first invoice on today for 16.6666667%, second invoice 1 year from now for 33.3333333%, third invoice 2 years from now for 50.00% (total 100%) and will give you precisely the invoices of 12, 24 and 36 you want.
The advantage is that the service period on all 3 new invoices will remain the original total 3 years! so your revenue recognition is automatic (no dangerous overruling necessary) and will create the 24-24-24 schedule for you (if you add up the 3 revenue schedules from the split invoices).
The invoices are dated correctly and have their correct due date: it is up to you if you let Zuora send them out, or store them in your drawer of course.
Let me know if you like this model.
Thanks, Alexander
Alexander Demes
senior business consultant
Subscription Factory
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