Billable Item Examples

Billable Item Usage-Based

• Parcel Shipment (Cent per Size and Weight).
• Print Service (Cent per Coloured Pages).
• Voice Calls (Cent per Minute).

Billable Item Recurring Charge-Based

• Monthly Subscription Fee for Cloud Service.
• Quarterly Subscription Fee for Car Fleet Maintenance.

Billable Item One-Time Charge-Based

• One-Time Account Activation Charge.
• One-Time Installation Charge.

The BIT can result by usage-based transactions, which occur when a customer uses a service and the usage generates a transaction which is charged to a customer or provider.

The BIT can result by recurring charge-based transactions, which occur when a customer subscribes to a service and pays a fixed amount at agreed intervals (monthly, quarterly).

The BIT can result by one-time charge-based transactions, which occur when a customer purchases a product or service and a single charge needs to be invoiced.

The BIT resulting by charge-based transactions are distinct from the BIT resulting by usage-based transactions in that there is no measurement of usage required.

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