How to bill clients in monthly online billing software

I’m creating a online bill pay software.

I was wondering should I write a script and call it from a cron job to bill clients monthly and add a late fee?

Please let me know if this is an acceptable way to write the software.
burnedfacelessAsked:
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Scott Fell, EE MVEDeveloper & EE ModeratorCommented:
It is more involved than that but yes you're right a Cron job to run your billing code. When I have written something similar I run my schedule tasks to run on a daily basis.
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