Defining a billing calendar

You can use a billing calendar to define cycle dates and a billing frequency for each fiscal year of a franchise management company. The number of cycle dates you define is based on the frequency on each calendar. Use this procedure to define a billing calendar.

Before you define a calendar, you must determine the most frequent interval (fewest calendar days) you want to use for processing charges for the company. You can define a weekly, monthly, quarterly, or annual frequency.

  1. Access Billing Calendar (FR00.2).
  2. To define a fiscal year calendar for your Franchise Management company, use these guidelines to specify the field values:
    Company

    Select a company number for a company defined in the General Ledger, Accounts Receivable, and Billing applications.

    Calendar ID

    Select a calendar ID to assign to a set of calendar dates.

    Note: The calendar ID, in conjunction with the calendar date, defines a calendar template for individual customer contracts.
    Year

    Select the last closed fiscal year for the period.

    Frequency

    Select the most frequent interval (fewest calendar days) that you want to use for processing charges for the company.

    Billing Dates

    Define the appropriate number of billing closing dates based on the frequency of each calendar.

    Note: These dates are used to control general ledger posting dates and transaction dates.