The zeropoint is calculated on the star of the month. It is calculated using
zpoint=mag + 2.5*log10(flux/DIT)
where mag is the magnitude of the object in N band, flux is the Target Photometry of beam A or B (measured in bin2), and DIT is the detector DIT. There are no corrections applied.

Please note that the zeropoint parameters in the QC1 database are misleadingly called averaged_err_photA and averaged_err_photB.