Every bill has a payment frequency that tells LifeAxis when payments occur. This is used to calculate monthly and annual totals and to surface upcoming payments in the correct period.
Frequency options
- Weekly: paid every week
- Fortnightly: paid every two weeks
- Monthly: paid once a month
- Quarterly: paid every three months
- Bi-annual: paid twice a year
- Annual: paid once a year
- Custom: paid every N weeks, months, or years, for unusual schedules
- Selected months: paid only in specific months of the year, for example council tax paid over 10 months
Start and end dates
Every bill can have a start date and an end date. End dates are useful for fixed-term contracts such as energy tariffs, broadband deals, or finance agreements with a defined expiry.
There is also a separate contract end date field for cases where the contractual obligation ends at a different time from the final payment.
Monthly and annual totals
LifeAxis converts all frequencies to a monthly and annual equivalent so you can see your total committed outgoings consistently, regardless of how each individual bill is actually paid.