Calculation of billing frequency in Billing
You can calculate the billing frequency in the Billing application using the frequency you specify in the Frequency field. If you select user-defined, you must select the bill date with each recurring invoice in the Billing application.
This table shows the calculation of billing frequency:
| Frequency | Next bill date calculated by |
|---|---|
| Weekly |
Adding 7 days to the last bill date. If the last bill date is 0, then the next bill date becomes the day of the week selected on the master recurring invoice for the current week. |
| Semi-monthly |
Adding 15 days to the last bill date. When the semi-monthly bill date is greater than the last day of bill date, the additional 15 days to the last bill date are adjusted to the last day of the month. 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 |
Adding 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 |
Adding 3 months to the last bill date. If the last bill date is 0, the next bill date becomes the closest month of the quarter and current year with the master recurring invoice bill day. |
| Yearly |
Adding 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 equaling the master recurring invoice bill month and day. |