What's a balance forward billing cycle?

The balance forward billing cycle determines the day, week, or month of the year to generate balance forward bills, and the customers and customer transactions to include in a balance forward bill.

You assign balance forward billing cycles to payment terms, and assign these balance forward billing payment terms to your customer accounts and sites.

When you run the Create Balance Forward Bill process, you're required to select a balance forward billing cycle. The Create Balance Forward Bill process selects all payment terms assigned this balance forward billing cycle, and then selects all customers and customer transactions assigned these payment terms.

A run of the Create Balance Forward Bill process includes all transactions not included on a previous balance forward bill assigned the payment terms with the selected billing cycle, or a subset of these payment terms as determined by the other process parameters.