See "About Corrective Billing" for information on generating new bills based on corrections performed against a past billed period. BRM billing is based on monthly cycles. Each account's bill unit has a billing day of month DOM , which is typically the day of month on which the account is created. For example, if an account is created on May 7, all of its bill units, by default, would have the seventh day of the month as their billing DOM.
If the account is billed monthly, its bills are generated on June 7, July 7, August 7, and so on. Most customer accounts are billed monthly, but you can bill accounts at any monthly interval; for example, bimonthly, quarterly, semiannually, or annually.
To bill customers, you run a set of billing applications. A bill is produced for every bill unit. After finding the bill units, BRM does the following to them:. Performs monthly accounting. BRM compiles the total amount of balance impacts that have occurred in the past month. This can include usage fees and subscription fees.
This monthly accounting occurs at the end of each accounting cycle. Finalizes the bill. To finalize a bill, BRM changes the status of all the bill items associated with the bill from pending to open so that they stop accumulating charges and so that payments can be applied to them. In addition, a payment due date is added to the bill.
The time period during which charges accumulate in an account before a bill is finalized is called the billing cycle. Typically, a bill is finalized monthly, at the end of each accounting cycle.
