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How does billing cycle close date works in case of frequency set as Monthly?

Received Response
edited Aug 22, 2023 4:28PM in Inventory Management 3 comments

Summary: Wanted to understand the functionality of billing cycle close date on Consignment Agreement where frequency is set as Monthly.

Content (required): Suppose agreement has Billing Cycle Close Date as 31-Aug-2023. Transfer to Owned Inventory transaction is done on 27-Aug-2023 and Consumption advice will be generated on 1-Sep-2023. So wanted to check what will be next Billing Cycle Close Date at Consignment Terms in the Agreement. How reset of Billing Cycle Close Date will happen in the agreement?

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