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.
Each stage of the revenue cycle has a range of time in which it should occur. This allows businesses to offer guidelines to customers and third party participants that keep the cycle within reasonable time limits. These guidelines also make it easy for customers and new members of the workforce to understand.