### Managing Billing Cycles

Customized account periods are referred to as Billing Cycles. Billing Cycles define the period of time during which accounting for the services provided is performed. At the end of Billing Cycle, Invoice(s) and Statement is being generated. Statement reflects the current state of customer (or Reseller) Account in respect to balance and possible debts.

Note: At least one Billing Cycle should be created since a particular Billing Cycle should be indicated during Credit Terms creation.

To create the new Billing Cycle, click the New Billing Cycle link at the Settings dashboard.

Type in the title (name) of the new Billing Cycle and select the billing period from the pull down menu. Click the Save button to add the new Billing Cycle. In this case, the list of all Billing Cycles will be displayed.

To view/change details for particular Billing Cycle, click on its name or ID. To add another Billing Cycle, click the New Billing Cycle button and repeat the steps described above.

See Also Pricing and Administration Managing Prices Setting the Default Prices Managing Discount Categories Managing Reseller Discounts (Partner Levels) Managing Promotions Setting the Credit Terms for Customers