What is a billing cycle?
A billing cycle is an interval between bills for products and services. Typically, this interval lasts for one month, and consumers may be able to adjust the timing of their billing cycles to meet their economic needs, depending on the company. Billing cycles are used to calculate things like interest and account standing, and they are an important part of the financial world. In the example of services, a company like an cell phone provider might start offering service on the sixth of the month, and bill on the sixth of each month after that. Each bill will include a note specifying which billing cycle is covered by the bill, so that consumers can understand when and why various charges might have been incurred. Products may be billed in a similar way; a consumer may be given 30 days to pay for something, for example, and many retailers rely on a credit system with the wholesalers who send them products. Many people are also familiar with the concept of the billing cycle in terms of f
