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Billing

The TRACT billing process generally includes the following actions:

  • Processing charge records
  • Calculating charges and taxes
  • Accounting for debit or credit adjustments
  • Generating invoices

You can run billing on a predetermined bill cycle or you can run billing on-demand.

When running billing on a bill cycle, TRACT either prompts an administrative user to run the bill cycle or runs it automatically according to system settings. During a bill cycle run, TRACT processes charge records, calculates charges and taxes, accounts for adjustments, and produces invoices for all customer accounts set to that bill cycle.

When running bill on demand, TRACT processes charge records, calculates charges and taxes, accounts for adjustments, and produces an invoice on a single customer account. Billing takes place outside of the regular bill cycle. Charges reflect an end date specified in the bill on demand request instead of the bill cycle date.

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