For a billing structure where a phone is billed now and a plan is billed monthly, how should you set up the price lists?

The pricing structure of charging for a phone initially while implementing a monthly charge for a plan necessitates a clear distinction between the one-time charge for the phone and the recurring charge for the service plan.

By establishing one line with a Sale Price to capture the one-time charge for the phone and another line with a Recurring Sale Price to handle the ongoing monthly charges for the service plan, you create an effective billing setup. This approach aligns with the practice of differentiating between one-time and recurring charges, enabling accurate tracking and invoicing.

A Sale Price is applied for transactions that occur once, such as the initial payment for the phone, while a Recurring Sale Price is suited for ongoing billing cycles, like those associated with a monthly plan fee. This distinction not only enhances clarity in pricing but also supports smoother operations within the billing process, ensuring that each type of charge is properly accounted for.

The other options do not appropriately represent the necessary billing structure. For instance, using only one line for both charges might lead to complications in distinguishing between the one-time and recurring charges. Additionally, choosing definitions that focus solely on service charges or recurring prices without differentiating may also complicate financial reporting and customer understanding of their statements. Thus, having a dedicated