Defining Bill Cycles

To define bill cycles, use the Bill Cycle (BI_CYCLE) component.

You can process or group invoices to run according to billing cycles that you define. The billing cycles can run monthly, weekly, quarterly, or on a schedule that you configure.

When defining bill cycles, establish the number of cycles available and indicate their names in the Bill Cycle page. Define the timing of the billing cycles in PeopleSoft Process Scheduler.

Page Name

Definition Name

Usage

Bill Cycle Page

BI_CYCLE

Add a new billing cycle or review existing billing cycles.

PeopleTools: Process Scheduler

Use the Bill Cycle page (BI_CYCLE) to add a new billing cycle or review existing billing cycles.

Navigation:

Set Up Financials/Supply Chain > Product Related > Billing > Setup > Bill Cycle

If the cycle ID applies to recurring or installment bills, enter the recurring or installment bill parameters. If not, you need not use the following options:

Field or Control

Description

Schedule

Specify a schedule for generating recurring bills. Select the schedule associated with the proper SetID.

Bill Generation Date Basis

Define when to generate the bill.

Bill Generation Lead Days

Specify how many days before the schedule date you want the system to generate recurring or installment bills.

Invoice Date Default

Select a default invoice date for the recurring bill. The value that you select is used as the default on the Recurring Bill Schedule page for recurring bills, or on the Installment Bill Schedule page for installment bills.