Billing Period is a period aligned to a Billing cycle of a contract or subscription. It can be monthly or annual. Billing period start and end dates always have the same day (end date of a billing period is the same as the start date of the next one). The start date of a billing period is included to period, the end date is not. So, the billing period 01.01.2018 – 01.02.2018 represents dates from the 1st of January, 00:00 to 31st of January, 23:59:59.
The month of a billing period is defined by its end date, so a period 23.05.2018 – 23.06.2018 is named June, billing period 01.01.2018 – 01.02.2018 is named February.
Examples of billing periods for different billing cycles
- For a monthly subscription, which started on 11th of November 2018: first billing period is 11.11.2018 - 11.12.2018, second is 11.12.2018 – 11.01.2019:
- For a monthly subscription, which started on 25th of November 2018: first billing period is 25.11.2018 – 25.12.2018, second is 25.12.2018 – 25.01.2019:
- For an annual subscription, which started on 13th of November first billing period is 13.11.2018 – 13.11.2019, second is 13.11.2019 – 13.11.2020):
- For any subscription, which started on 29, 30, 31 of any month, the billing cycle is 1 and days between the subscription start date and the beginning of next billing period are not charged: