The Bridge in Bridgehampton, N.Y., charged a whopping $750,000 to join, according to a 2007 Wall Street Journal article. Another Hamptons club, Sebonack Golf Club, billed new members for $650,000 when it opened in 2006, Bloomberg reported.
Hence, the revenue cycle actually consists of two major subsystems (assuming sales on credit basis): 1  the sales order processing system and. 2  the account receivable system.
What is a Billing Cycle? Credit card bills typically are paid on a cycle of 30 days on the same day of each month. It is important to track billing cycles due to the interest that accrues if payments are not made on time.