What does a Standard Billing Schedule do when applied at the header level of an order?

A Standard Billing Schedule applied at the header level of an order is designed to manage the billing process for that order as a whole. When implemented, it effectively divides the entire order into separate bills, allowing for structured billing over time rather than requiring a single invoice for the full amount all at once.

This is particularly useful for large orders or contracts where products or services are delivered and billed over multiple periods. Instead of a single payment, customers can receive multiple invoices corresponding to the agreed-upon schedule. This approach improves cash flow management for both the business and the customer because it aligns payments more closely with delivery timelines or project milestones.

For a better understanding of the context, the other options do not accurately represent the function of a Standard Billing Schedule at the header level. It does not create discounts, generate monthly invoices in a way that fans out over various items, or apply payment terms directly to line items; rather, it organizes the entire order's billing process efficiently.