Knowledge Base

Essential Considerations for Configuring Calculations

• This marks the initiation of the calculations.

Intervals:

• Specify when the calculations will be applied.

7-Day (Weeks):

• Repeats every seven days, reflecting a weekly cycle.

14-Day (2-Weeks):

• Spans a period of two weeks, also known as biweekly or fortnightly.

21-Day (3-Weeks):

• Represents a cycle repeating every 21 days or three weeks.

28-Day (4-Weeks):

• Signifies a cycle that repeats every four weeks.

Note: The intervals are set to 28-Days; this is relevant to the start date. For example, if the start date is set on the 15th March, the calculation will apply on the 12th April.

Monthly Interval:

• Calculations occur once every calendar month, starting from the designated start date.

Daily Interval:

• Calculations repeat every day, beginning from the selected start date.

Annual Interval:

• Calculations apply on the same day each year, aligned with the specific start date.

These intervals provide a framework for organizing and scheduling calculations, ensuring they occur at regular intervals relative to the chosen start date.

Note: If the monthly or annual interval has a start date set in the middle, it will run the following month or year on the same day.

1st of Month:

• Calculations are applied on the 1st day of each month, starting from the designated start date.

28th of Month:

• Calculations apply on the 28th day of each month, relative to the chosen start date.

End of Month:

• Calculations within this interval will be applied on the last day of each month, starting from the specified start date.

These specific intervals offer a clear structure for scheduling and planning events, ensuring they align with the designated days of each month relative to the start date.

The commencement dates of contracts play a crucial role in determining the timing of automated invoice generation. It's important to note, however, that the initiation dates and intervals of contracts operate independently from the tariff intervals. In simpler terms, while contract start dates impact when invoices are automatically generated, they follow a distinct schedule from the intervals associated with tariffs and Service Charges ( these also run independently from each other).

For instance, consider a scenario where a contract begins on Wednesday, March 6th, with a billing interval of every 7 days. Simultaneously, the associated tariff or Service charge starts on Monday, March 10th, with the same 7-day interval. In this case, when the invoice is automatically generated, it will overlook including the corresponding week's tariff in the costings. This discrepancy occurs because the intervals for invoicing and tariff overlap, leading to a misalignment in the billing cycles.