Calendar (FR)
A company calendar is used to define the cycle dates and billing frequency that you use for invoice processing for each franchise management company. You define at least three fiscal year calendars (previous year, current year, and next year) for each company.
Cycle dates
A cycle is a period of time during the fiscal year that you associate with a specific date (cycle date) when routine contract invoicing, posting, and reporting can occur. A cycle date represents the beginning or end of a cycle. Cycle dates are used to control general ledger posting dates and transaction dates.
Frequency
In a calendar, the frequency represents an interval of time (weekly, monthly, quarterly, or annually) between cycle dates or how often to post or invoice a change.
Next cycle dates
The next cycle date is a system-calculated date associated with contract charges. A next cycle date is assigned automatically to each contract charge when you define the contract charge.
These options are available for defining frequency and cycle dates:
| If the calendar frequency is: | Define these number of cycle dates: |
|---|---|
| Yearly | 1 |
| Quarterly | 4 |
| Monthly | 12 |
| Weekly | 52 |