cycle billing


cycle billing
noun
: a system of billing in which a proportionate fraction of the customers of an organization are billed on each working day of the month to equalize the work involved

* * *

a method of billing customers at monthly intervals in which statements are prepared on each working day of the month and mailed to a designated fraction of the total number of customers.

Useful english dictionary. 2012.

Look at other dictionaries:

  • Cycle Billing — The practice of billing different customers based on a scheduled cycle rather billing everyone all at once. For example, cycle billing can include sending out invoices for the largest amounts outstanding on the first of each month, followed by… …   Investment dictionary

  • cycle billing — a method of billing customers at monthly intervals in which statements are prepared on each working day of the month and mailed to a designated fraction of the total number of customers. * * * …   Universalium

  • cycle billing —  System distributing billing activities over a time period …   American business jargon

  • cycle billing — The method sometimes adopted in large organizations for invoicing their customers at different time intervals. Often using the alphabet as a basis, customers starting with the letter A may be invoiced on the first day, B on the second day, and so …   Accounting dictionary

  • Double-Cycle Billing — A method used by creditors, usually credit card companies, to calculate the amount of interest charged for a given billing period. Double cycle billing takes into account not only the average daily balance of the current billing cycle, but also… …   Investment dictionary

  • cycle — cy‧cle [ˈsaɪkl] noun [countable] a series of events that happen in an order that regularly repeats itself: • Approved Training Practices are monitored by the Association on a five year cycle. ˈbilling ˌcycle ACCOUNTING the usual time that is… …   Financial and business terms

  • billing cycle — The number of days between statement dates. American Banker Glossary The time elapsed between billing periods for goods sold or services rendered. Bloomberg Financial Dictionary * * * billing cycle billing cycle ➔ cycle * * * billing cycle UK US… …   Financial and business terms

  • Billing period —   The time between meter readings. It does not refer to the time when the bill was sent or when the payment was to have been received. In some cases, the billing period is the same as the billing cycle that corresponds closely (within several… …   Energy terms

  • billing cycle — the schedule of recurrent times in any regular system of preparing or sending bills. * * * …   Universalium

  • billing cycle — Period of time in which creditors regularly submit bills to customers or debtors; e.g. 30 days …   Black's law dictionary