example- a $15,000.00 product/service may have 3 payments associated with it paid out over a 30, 60 ,90 day period. I am looking for a way to track those payments on a monthly basis. Does SF have this capability?
Hello,
There is standard functionality for opportunity / Product/ Ravenue Schedule:Products, Price Books, and Schedules Overview
Available in: Professional, Enterprise, Unlimited, and Developer Editions
Products
Products are the individual items that you sell on your opportunities and quotes. You can create a product and associate it with a price in a price book. Each product can exist in many different price books with many different prices. A product that is listed in a price book with an associated price is called a price book entry.
The Products related list of an opportunity detail page and the Quote Line Items related list of a quote detail page list the products for that record. Use this related list to associate a price book with the opportunity or quote, add or edit products, and, for opportunities, establish or edit product schedules.
Price Books
A price book contains products and their associated prices. Each product with its associated price is referred to as a price book entry. You can use the standard price book or create custom price books. The standard price book is automatically generated to contain a master list of all products and standard prices regardless of the custom price books that also contain them.
Schedules
You can establish default schedules on a product, as well as schedules for individual line items (opportunity products) on an opportunity
Your administrator determines which types of schedules your organization can use: quantity schedules, revenue schedules, or both. Your administrator also specifies which types of schedules can be established for each separate product.
- Quantity Schedule–Outlines the dates, number of units, and number of installments for payments, shipping, or other use as determined by your organization.
- Revenue Schedule–Outlines the dates, revenue amounts, and number of installments for payments, recognizing revenue, or other use.
