Billing Frequency

The time period between billing cycles for a contract or contract line. Valid options are:

Frequency Description
Monthly bill once a month
Bi-Monthly bill once every other month
Quarterly bill on 4 quarters of the year
Semi-Annually bill twice a year
Annually bill once a year
One Time bill once for full amount
Elapsed Days bill all open contracts where the billed thru date is less than the process thru date

NOTE: A default value for new contracts can be set on the Contract Parameters tab of the Service Parameters form.