Determining a Billing Period Method
Use one of the following methods to schedule your billing period:
- Calendar Period Method: Only receipts deposited and other actions performed within the calendar month are considered.
If you do not perform monthly closings in AcuityLogic BackOffice, AcuityLogic reports include data only from the calendar month.
- Flexible Period Method: Updates made outside of the calendar month can be considered. For example, you might close after the first of the next month to give yourself extra time to complete monthly billing or accounting activities.
If you perform monthly closings in AcuityLogic BackOffice, you can close after month's end, and AcuityLogic reports include data up to the month close date (except for cash receipt payments, which are counted only if they have a deposit date of the month for which you are closing).
The following diagrams show the difference between the two methods.
After you choose a method, avoid changing the method in the future to keep your accounting consistent.