RCA (Revenue Cloud Advanced) vs RCB (Revenue cloud Billing) in revenue cloud

Revenue Cloud has two Licenses.

1.Revenue Cloud Advanced (RCA)

2.Revenue Cloud Billing (RCB) 

Decide if you need Revenue cloud Advanced or Revenue Cloud Billing for your Billing needs.

Use Billing Guided Setup :

Guided setup makes onboarding quick and easy for new Billing Admins with a clear order of steps to be followed.

Milestone Billing :

Billed in installments that are triggered on milestone accomplishment, or on predefined dates that indicate incremental progress on the ordered product or service.

Increased customer satisfaction by aligning receivables to progress.

Enhanced project accountability & traceability.

Legal Entity :

Note : Use Legal Entities to represent your organization structure.

1.Create Legal Entity records for each operating business unit.

2.Set an Org Default Legal Entity.

3.Define Billing Treatment and Tax Treatments for each Legal Entity.

4.Use the Legal Entity reference field on Orders,Invoices and Credit Memos.

Impact : 

1.Revenue transactions are processed according to the Legal Entity assigned.

2.Billing, taxation and compliance are handled based on entity-specific treatment rules.