Cycle management

A cycle is a phase of the fiscal year associated with a specific date (cycle date) when routine invoicing, postings, and reporting can occur. The Franchise Management application helps you manage important tasks in your business cycle.

This table lists key elements for managing cycles:

Element	Description
Contract Date	The start date of the customer contract.
Contract Termination	The end date on a customer contract.
Frequency	The interval of time used for billing or posting to the general ledger.
Cycle Date	A company calendar date used for billing or posting.
Next Cycle Date	A system-generated date on a contract charge used by the Franchise Management application to validate whether a charge can be defaulted to a sales entry.
Sales Entry	A record containing sales data, such as the net sales amount, sales tax, and the corresponding contract charges for a given cycle date.
Sales Type	An option that indicates on a sales entry whether the data is for an estimate, call-in estimate, or actual invoice.
Estimates	A sales type that represents system-calculated net sales and charges used to identify uninvoiced sales charges for a cycle and to predict planned sales charges for a cycle.
Call-in Estimates	A sales type that represents customer contract charges verified by phone contact with the sales representative. The purpose of the call-in estimate is to provide data considered more reliable than system-calculated estimates.
Actual Invoice	A sales type that represents customer contract sales verified by a customer fax or other official source. Only those sales entries that are defined for the actual invoice sales type are invoiced.