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Billing Cycles (for Recurring Revenue)

This Help File Page was last Modified on 06/10/2016

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Billing Cycles (for Recurring Revenue)

This Help File Page was last Modified on 06/10/2016

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Billing Cycles (for Recurring Revenue)

This Help File Page was last Modified on 06/10/2016

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Because contracted Recurring Revenue is a critical element in the overall success of your Company, before entering these Recurring Revenue Billing Codes, please read the Managing Recurring Revenues chapter to better understand this feature.

 

Recurring Revenue Billing Cycles provide the ability to divide Subscribers into separate Automatically Billed Groups.

A Subscriber becomes a Member of an Automatic Billing Group simply by having a Recurring Revenue Billing Cycle Code assigned to one (some, or all) of their Auto Billing rule records and the same Subscriber may be a Member of more than one Automatic Billing Group (have multiple Recurring Revenue billing requirements which fall within - and/or are assigned to - different Billing Cycles).

 

This allows each Automatic Billing Group:

To be Invoiced for their Recurring Revenue at different times of the month.

To be Invoiced for their Recurring Revenue for different purposes such as:

Subscribers who pay automatically with a Credit Card

Subscribers who are billed earlier in the month versus later in the month

Subscribers whose Invoices are delivered via E-mail

 

Therefore, these Automatic Billing Groups provide the ability to establish Multiple Billing Cycles within the same Month (enabling automatic invoicing of different sets of Subscribers at different times throughout the Month - which is particularly helpful for those companies having a large number of Accounts), and for Semi-Monthly Billing, Monthly Billing, billing Subscribers who pay by Credit Card separately from those that want their Invoice sent via e-mail and most importantly - for any combination of all of the above!

 

Automatic Billing Groups do not restrict any other Recurring Revenue Billing capabilities such as automatically billing Subscribers with multiple locations and billing on a Monthly, Bi-Monthly, Quarterly, Semi-Annual, Annual and Bi-Annual basis for both Recurring Revenue that continues indefinitely and for fixed period billings (for time-payments of installations charges and/or Fixed Term leases and contracts).

 

If you plan on billing Recurring Revenue using this Recurring Billing Cycles feature (where different groups of Subscribers may be billed at different times throughout the Month):

The Bill Recurring Revenue in Cycles box must be Checked (as shown in the illustration below) on the Invoice/Proposal sub-tab on the Company Options tab of the User Options Form

 

HelpFilesBillRecurringRevenueInCycles

 

Sale-Purchase Items must be created for the types of Recurring Revenue related services that you provide.

 

HelpFilesRecurringRevenueSale-PurchaseItem

 

These are called the Recurring Revenue Sales Category Codes.

 

Pay Groups must be defined to establish the normal Price for the Recurring Revenue related services you provide.

 

HelpFilesPayGroups

 

The required Recurring Billing Cycles must be defined (as described within this chapter).

Auto Bill Definitions must be entered for each Subscriber who is to be billed automatically for that Recurring Revenue.

 

HelpFilesAutoBillOpenTermBillingCycle

 

Opening the Recurring Revenue Billing Cycles Form:

a)From the Backstage Menu System Select Maintenance and Choose General and Click the General Maintenance option which displays the Maintenance Menu or,

b)From the Quick Access Menu, Select Maintenance and Choose General Maintenance to display the Maintenance Menu.

 

Once the Maintenance Menu is displayed, Select Receivables and Choose Billing Cycles.

 

HelpFilesRecurringBillingCyclesDefaults

Recurring Revenue Billing Cycles Form

 

Note: There are four predefined System Default Billing Cycle records which should not be deleted.

 

HelpFilesRecurringRevenueSystemDefaults

Recurring Revenue - System Default Billing Cycles

 

1.Standard - This is the default Billing Cycle and will always be used when the Bill Recurring Revenue in Cycles option is not Checked in the Company Options - Invoice/Proposal sub-tab of the Company Options tab on the User Options Form.

2.Week 2 - If the Bill Recurring Revenue in Cycles option is Checked in the Company Options - Invoice/Proposal sub-tab this is the first of the three additional predefined Billing Cycles.

3.Week 3 - If the Bill Recurring Revenue in Cycles option is Checked in the Company Options - Invoice/Proposal sub-tab this is second of the three additional predefined Billing Cycles.

4.Day 15 - If the Bill Recurring Revenue in Cycles option is Checked in the Company Options - Invoice/Proposal sub-tab this is third of the three additional predefined Billing Cycles.

 

This Recurring Revenue Billing Cycles Form may be Re-sized by Dragging the Top and/or Bottom up or down, and/or the Right side in or out.

Navigation Menu - The Navigation Menu is located at the top of the Recurring Revenue Billing Cycles Form.

 

HelpFilesNavigationBar-Generic

This Navigation Menu provides the normal Record Movement, plus Add, Delete, Cancel, Save, and List options.

 

Record Editing View - The details of the currently selected record are displayed below the Navigation Menu at the center (Main Body) of the Recurring Revenue Billing Cycles Form.

 

HelpFilesRecurringBillingCyclesRecordEditingView

 Recurring Revenue Billing Cycles Form - Record Editing View

 

To define the Recurring Revenue Billing Cycles which will be used to identify the intra-monthly Billing Cycle for each Auto Billing record.

Click the HelpFilesNavigationMenuNewIcon to start the Recurring Revenue Billing Cycle entry in the Record Editing View.

Billing Cycle ID - Once the record is initially saved, the system will assign an ID.

Description - Enter a brief Description for this Billing Cycle Code entry.

oThe Description may up to 40 characters in length and include upper and/or lower case letters, numbers, spaces and normally used punctuation marks.

Starting Day - Enter the starting Day Number for this Billing Cycle within the Month.

oThis should be the Day number within a month when the service period starts for this Billing Cycle.

oIt is recommended that no Day number over 28 be entered.

oThe result is that the Period Covered explanation on the Invoice will start on the day of the month entered here, and end on the day number preceding it in the month this billed service period ends.

 

HelpFilesRecurringBillingCyclesPeriodCovered

Period Covered explanation on Recurring Revenue Invoice

 

Bank - Optionally, using the Drop-Down Selection List provided, Choose the preferred Bank Account to which the proceeds will be deposited.

oIf this Billing Cycles group pays via Electronic Funds Transfer (EFT), the selected Bank will be where those Receipts will be processed..

oBy assigning the appropriate Bank, the EFT transactions will automatically debit the Total Amount Invoiced to each Subscriber in this Billing Cycle using the EFT rules established for the selected Bank.

Click the HelpFilesNavigationMenuSaveIcon to record this Recurring Billing Cycle.

Any number of additional Recurring Billing Cycles may be created.

 

If the Company has chosen to Charge Interest on Past Due Invoices and will be billing Recurring Revenue using this Recurring Billing Cycles feature:

a)Create Late Fee Groups for each Recurring Billing Cycle that will be used.

b)On the Accounting Receivable Section within the Edit View of the Subscribers Form, Select the Late Fee Group with the rules to be applied to the Late Fees that may be assessed and Check the Charge Interest? box.

 

HelpFilesNavigationMenuGrid-PrintIconList Icon - The Navigation Menu also has a List option which provides a tabular view of these Recurring Revenue Billing Cycle records.

 

HelpFilesRecurringBillingCyclesGridView

Recurring Revenue Billing Cycles Form - List View

 

Click the List Icon to display the associated Grid Data.

The columns of Grid Data may be rearranged, filtered, sorted, and exported as a PDF file and/or an Excel formatted file.

 

HelpFilesGridFind&ClearOptions

 

Find - Enter text to search for a specific record, then Click the Find option.

Clear - To remove the text to search for entry, Click the Clear option

 

HelpFilesNavigationMenuGrid-PrintIconWithOptions

Navigation Menu shown with the List Options for Export & Print

 

Click the List Icon again to Close the List View and return to the Record Editing View.

See the Grids - Print Preview - Export Data chapter for complete information on using the List View, including its Export & Print options.

 

Billing Cycles Report - The Billing Cycles Report will list who is billed within each of these Groups of Subscribers and for what type of Recurring Revenue(s) they are being billed.

 

HelpFilesBillingCycleReportDialog

Billing Cycles Dialog - Options tab