What do you want to do?
A Billing Period defines the billing cycle used by a project's team and payment application contacts on Procore's payment applications and progress billings. In addition to defining the frequency of the billing cycle (for example, monthly or weekly), a billing period also defines the billing cycle's start/end date and the due date for the payment application or progress billing.
For Payment application Administrators
Only payment application administrators can create or edit billing periods. When billing cycles have consistent start, end and due dates, create automatic periods. To support flexible billing cycles, create manual periods. Whichever option you choose, you can only have one (1) billing period in the Open status at a time when managing payment applications.