Cycles are very important party of the billing system. With help of cycles you can automate automatic billing of your clients for recurring payments.
<aside> 💡 For example, invoicing clients for regular rentals, school tuitions, membership fees and more.
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They simply add a record to your billing history and based on that invoice is created and send to a client every month (or any period you require) In simpler words: It allows to send regular invoices to clients. Cycle is an agreement between you and a client for regular invoicing
Look at the example above. When you add a cycle you simply choose:
Next you need to select a service name, in this example it's monthly tuition.
You define a price.
And finally you set a repeating cycle.
<aside> 💡 Repeating cycle is simply an information how often you will charge your client. You're able to charge him daily, weekly, monthly or annually
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In the case above we choose monthly repeat cycle. What does it means?