Features:

• Close at true month end
  
• Or Leave the month open x days
  
• Each month you can adjust the open date to match GL
  
• Revenue dates for charges, payments and adjustments are calculated automatically
  
• Can post transactions for both the previous and current month; no need to hold transactions or have separate procedures for month end
  
• Service, Posting and Revenue Dates are supported for each charge, payment or adjustment, allowing you to view and analyze your revenue in a variety of ways
  

Month End Processing

PiMS month end processing is done automatically in the background during the nightly cycle. You have the option to close at month end or to keep the month open for a set of days. The closing option is set in a PiMS profile.

Calculating Revenue Date

Transactions (charges, payments and adjustments) for both the previous month and the current month can be entered at the same time. PiMS manages the "revenue date" based on the service month and whether the service month is opened. 

The revenue date is set to the service date if the charge is being posted in the same month as the service or the charge is being posted in the next month but the previous month is still open.  For example, when a charge for August 8th is being posted on August 10th both service date and revenue date will be August 8th. Another example assumes the month is open for 4 days. When a charge for August 8th is being posted on September 3rd the revenue date will be August 8th.

The revenue date is set to the posting date if the charge is being posted for a month prior to the current month or after the month has closed. For example, when charge for August 8th is being posted on October 1st the revenue date is October 1st. Another example is when a charge for August 8th is being posted on September 5th when August was closed on the 4th, resulting in a revenue date of September 5th.