Scheduling a Selection Version 
When you schedule a selection version, you determine the cycle, in which data is to be selected, i.e. You schedule the background job. You can choose selection to take place monthly, weekly, or daily.

You can read about the additional options for defining a start date in the WinHelp Document BC-System Administration.
Job Overview
You can display a job overview for a selection version. The job overview shows the background jobs for a selection version and their status (planned, released, ready, active, completed or terminated)
You can change the status of the job from the overview list.