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Overview of iMIS Dates

In addition to calculating the billing rate for each product line item, iMIS also calculates a date range to project what a customer's term or subscription will be when the customer pays or renews. Unless manually overridden, the Enter and edit payments window (from Billing, select Enter and edit payments) uses this projected date range to update the new Paid Thru date for each line item when a customer pays a balance in full. When the first cross-referenced customer type item is paid in full, the overall customer Paid Thru date also is updated to agree with that line item's new Paid Thru date.

iMIS uses the following dates:

A number of factors determine the projected product term. After iMIS calculates the begin date, it normally derives the Thru Date to be n months later (minus 1 day), where n represents the billing interval. The following example shows the formula for calculating the Thru Date using an annual and quarterly billing interval.

Begin Date

+

n (Billing Interval)

=

Thru Date

1/01/2003

+

Annual (12)

=

12/31/2003

1/01/2003

+

Quarterly (3)

=

3/31/2003

See Also

Date Usage in iMIS

Viewing the Calculated Date Range

Calculating dates in billing runs


ASI logo 10.5 Production Release. Updated 9/1/2005 3:37:32 PM
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