Set Up the Usage Minimum Commitment

The Usage Minimum Commitment feature allows you to establish a baseline spending level that is recorded separately from your normal revenue. By configuring this setting, you ensure that the minimum usage spend is tracked accurately, with invoices generated at the chosen frequency.

To set up the usage minimum commitment:

1. Go to Organization Settings > Accounting.

   
2. In the Usage Minimum Commitment section, you need to set the following:

   • Revenue Account: Choose the revenue GL account where the minimum commitment spend will be recorded. You are advised to use a separate GL account from your regular revenue.

   • Default Invoice Frequency: Select the invoicing frequency that will apply to the minimum commitment (e.g., monthly, yearly).

3. Click Save Changes to apply your settings.

   

After these configurations, you can Set Up Commitment Contracts.