Billing Cycle is a fundamental entity in OCS.io that defines how often and for which period Invoices will be created. A Billing Cycle typically includes the start and end date, billing period, and billing frequency. By linking a Payment Responsible Account with a billing cycle, OCS.io automatically generates invoices at the defined frequency and period.
| Every Account must be linked with a Billing Cycle, including Prepaid Accounts. In the case of prepaid accounts, the billing cycle is a technicality that defines when the Itemized Bill will be generated. |
To configure Billing Cycles, follow these steps:
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Access the Core Configuration perspective in the OCS.io user interface.
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Select the .
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Click on the + (New) button to create a new Billing Cycle.
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Fill in the required information in the form:
| Item | Description | ||
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Name |
Enter the name of the Billing Cycle. |
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Description |
Optionally, enter the description of the Billing Cycle. |
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Code |
Enter the code of the Billing Cycle. This code will be used in the results of rating, charging, and billing. |
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Bill Cycle Type |
Choose the type of the Billing Cycle. It could be Periodical or Composite.
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Duration |
Enter the duration of the Billing Cycle. The duration is linked with the Billing Period (see below). |
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Billing Period |
Choose the period of the Billing. It could be Day, Week, Month, Year. Linked with Duration. You can, for example, configure Bi-Weekly Billing Cycles if you configure Duration = 2 and Billing Period = Week. |
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Billing Day |
Enter when the Billing Cycle starts. If Billing Period = Week, possible values are between 1 (Monday) and 7 (Sunday). If Billing Period = Month, possible values are between 1 and 28. |
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Start Automatically |
If checked, the Billing process for that Billing Cycle is started automatically after the "Offset in Hours". |
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Offset in Hours |
Enter the number of hours by which the automatic Billing Cycle processing is delayed. |