To turn on calendar dating for any Billing Cycle type an administrator needs to only begin the title of the Billing Cycle with the word “calendar.” Once in effect, the system will base the billing cycle on standard calendar periods.
For example, if the Billing Cycle is named Calendar Quarterly (Billing Cycle Days is set to 90), then the system will compute charges based on the following periods:
|
Standard Calendar Quarter |
Period Covered |
|
First Quarter |
January - March |
|
Second Quarter |
April - June |
|
Third Quarter |
July - September |
|
Fourth Quarter |
October - December |
The most common use of this dating option will be for quarterly billing cycles.