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Billing Cycle (Billing Definitions)

This setting allows you to set the billing cycle for the billing group.

Unlike most portfolio accounting systems that use exact dates that must be changed each time you generate a billing statement, Tamarac Reporting billing definitions use the billing cycle and as-of date to determine the billing dates. This ensures that you won't need to update your billing definitions each time you need to generate a billing statement.

For more information on billing groups, see Understanding Billing Groups.

For more information on billing definitions, see Understanding Billing Definitions.