A __________ system spreads out the monthly statements to customers over the entire month with the idea being that the processing load and cash flow will be more even.

Question

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Cycle billing is a system in which the monthly statements to customers are spread out over the entire month. This helps in reducing the processing load and evening out the cash flow. Closed invoice system is a method in which all invoices are sent at the end of the billing period. Open invoice system is a method in which each invoice is created and processed separately. Balance forward system is a method in which customers are billed based on the balance due from previous periods.

A __________ System Spreads Out the Monthly Statements to Customers