Why does Installment Billing bill on the 28th of the month instead of the 29th,30th, or 31st?
RecTrac 3.1.10.18.00
Table of Contents
Problem
We have installment billing set up to bill monthly on the item begin date. I have noticed that we do not produce bills on the 29th, 30th, or 31st of the month. Why is that and do individuals who sign up on those days still get billed monthly?
Solution
Installment billing still charges individuals who sign up on the 29th, 30th, or 31st of the month. Individuals who sign up on one of those days are actually billed on the 28th of every month. The Installment Billing program uses this day because every month has at least 28 days.
If you are concerned if an individual has been billed correctly or not, you can run an installment listing report to double-check these bills.