Use this screen to set up all the valid billing cycles. You must set up this screen only if you selected the Use Billing Cycles checkbox in the Billing Settings screen (Projects » Billing » Controls). You can use billing cycles to save time by calculating billings only for the cycle in which you are working. Bills can be calculated, printed and posted by billing cycle. Billing cycles are most helpful when you are working with projects that must be billed at various times during the month.
If you are using billing cycles, set up this screen before setting up the Project Billing Info screen. Only billing cycles that have been previously set up in this screen will be available for selection in the Project Billing Info screen (Projects » Billing » Billing Master or Projects » Project Setup » Revenue Setup).
Enter a code that will be easily recognized by the person who calculates the billings. Alphabetic codes are generally better than numeric codes for relaying meaning. For example, use the term "Month" for the monthly billings instead of "0001."
Enter a short description of up to 30 alphanumeric characters that describes the cycle code.
Enter the number of months for this billing cycle. Use this column only if you are using Costpoint Sales Order Entry. Recurring bills, which can be generated in Costpoint Sales Order Entry, are linked to a billing cycle in the Create Invoices screen (Materials » Sales Order Entry » Invoices). The number of months entered here controls the length of time for which the billing cycle is valid.
Changes to this screen update the BILL_CYCLE table.