This recipe explains the details of invoice cycle setup and describes how to create an invoice cycle preference.
You should set up the Invoice Cycle Calculation Rule in order to set up the Invoice Cycle Preference.
When you set up the invoice cycles to control the Cycle Billing program, the system calculates the scheduled invoice date. When you set up invoice cycles, the different cycles of calculation rules and schedule can be applied to dissimilar customers and item recipes. The invoice cycle calculation rule set up should be defined in the category of computation that the system uses to work out the invoice date. When you set up invoice cycles, these can be assigned to customers and item recipes with the Invoice Cycle Preference.
In some cases, one customer may prefer the invoice at the end of the month for all shipments made throughout the month, and some may want a weekly invoice for specific items. For weekly invoicing, you can enter weekly, while for monthly invoice you can enter at the end month. The invoice cycle can also be specified in the invoice cycle revision application.