Statement Cycles

The accounts and service agreements linked to a statement construct may have different bill cycles and as a result, their bills are produced on different dates. So when should a statement containing the consolidation of all this financial information be produced? To answer this question, there is a statement cycle.

Just as with a bill cycle, the statement cycle has a schedule. A statement cycle's schedule controls when a statement should be produced. Each statement construct will point to its own statement cycle.