Billing frequency calculation
If you select user-defined, then you must specify the bill date with each recurring invoice.
This table shows the calculation for the next bill date when you select a frequency of weekly, semi-monthly, monthly, quarterly, or annually:
Frequency | Next bill date calculation |
---|---|
Weekly | Add 7 days to the last bill date. If the last bill date is 0, then the next bill date becomes the selected day of the week on the master recurring invoice for the current week. |
Semi-monthly | Add 15 days to the last bill date. This date is adjusted to
the last day of the month if this is greater than the last day. If the last bill date is 0, then the next bill date becomes the current month and year with the master recurring invoice bill day. |
Monthly | Add 1 month to the last bill date. If the last bill date is 0, then the next bill date becomes the current month and year with the master recurring invoice bill day. |
Quarterly | Add 3 months to the last bill date. If the last bill date is 0, then the next bill date becomes the closest month of the quarter and current year with the master recurring invoice bill day. |
Annually | Add 12 months to the last bill date. If the last bill date is 0, then the next bill date becomes the current year with the month and day that is equivalent to the master recurring invoice bill month and day. |