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Subscription Fulfillment Terminology

You may come across the following terms when using the Subscription Fulfillment module:

In This Section

Billing Cycle

Dues

Effective Date

General Ledger

Paid Thru

Product Codes

Renewal Notice

Subscriber

See Also

Subscriptions Overview

Introduction

Accessing Subscription Fulfillment

Billing Cycle

A defined billing run set up to bill a particular group of people for a particular set of products.

Dues

Membership fees charged to customers.

Effective Date

The date used to determine which customers will be billed. Normally, a customer or subscriber will be billed if they have met the billing selection criteria, their Paid Thru date is before the Effective Date, and if a renewal has not already been generated.

General Ledger

Refers to the final record of the transactions affecting an entity. The general ledger consists of meaningful monetary accounts with cumulative balances based upon the posting of transactions.

Paid Thru

The expiration date of the membership or subscription, or the period through which the customer has paid. It is always the last day of the month.

Product Codes

Refers to a unique code that identifies a product that will be billed, or for which an organization collects money.

Renewal Notice

Refers to the request for renewal or continuation of a membership or subscription beyond the current expiration (Paid Thru) date.

Subscriber

Individual, either customer or noncustomer, who has purchased a product of a cyclical nature having a fixed term which can be renewed or repurchased upon term expiration.


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