21st Century Accounting Help - Receivables/Configure

Billing Cycles

In Receivables/Configure/Billing Cycles, you can set up billing cycles for the purpose of grouping customer accounts and managing them by group at different times. You can enter recurring charges, enter finance charges, print statements, print reports, and age receivables by billing cycle.

The number of customers you regularly process determines how many billing cycles you set up. For example, if you can best process half of your customers at a time, you might set up two billing cycles and process one set of customers on the 15th of the month and the other set on the 31st.

You must have at least one billing cycle. If all your customers are processed and billed at the same time, assign all customers to a single billing cycle.