Skip to Content
avatar image
Former Member

Rental credit

Hello Experts,

I am currently working on credit memo for rental contract; need your help for calculating credit value.

Scenario as below

1.Customer gets bill in advance

2.Customer returns or terminates contract in middle of billing plan which is already billed.

We can use following example -

Contracts have different billing cycles and pricing conditions

  • 1.Daily - 135.00
  • 2.Weekly – 345.00
  • 3.4 week – 850.00
  • 4.Monthly – 850.00

As of now contract have 4 week billing cycle and so 4 week condition type is active in contract

Let’s say Last billing cycle was from 04/07/2017 to 05/04/2017 – Billing completed

Then terminated contract on 04/20/2017

With standard SAP credit memo, Customer should get pro-rated credit but clients do it differently.

Client’s expectations -

  • a.If the contract was terminated on 4/20 than the customer had the equipment for 14 days. The customer was already invoiced $850 for the month.
  • b.The weekly rate on this contract is $345. The customer had the equipment for 2 weeks. (14 days) $345 x 2 = $690
  • c.Since the best rate for the customer would have been $690 versus $850 – the customer would receive a credit amount of $160.00

Please advice, how we can achieve this.

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

0 Answers