This article explains how to issue individual invoices for each upcoming period, allowing for better control over billing dates and cash flow. This approach ensures that each invoice accurately reflects the revenue for its respective month, leading to improved financial forecasting and streamlined billing processes.
However, you should usually issue separate invoices each month in advance. This allows you to specify different issue dates and count the revenue from these invoices toward the monthly Invoiced Revenue.
Create Invoices For Up To 6 Months In Advance
Open the company/member profile from the Community module.
Open the Invoices tab and click Add Invoice.
Choose an Issue Date that is specific to the month.
Use the Period Start field to change the period you'd like to invoice. You can use this option to create separate invoices for up to 6 months in the future.
Click Add.
Create Invoices For More Than 6 Months In Advance
Follow the steps below if you want to create invoices for more than 6 months in advance:
Open the company/member profile and click on the Membership.
Set the End Date to be the End Date of the 6-month period that's already been invoiced. In this example, we already have invoices up until June 30.
Create a new membership of the same type, starting from the next available date - July 1 and ending at the end of the month - July 31.
Click on Add Invoice
Choose an Issue Date that is specific to the month
Select Pay For 36 Months
Voila, an invoice for the July period has been created! You have to follow these steps in order to issue invoices for the next months as well - August, September, etc. Furthermore, you can change the Issue Date and the Due Date of the invoice so that the company/member is charged in the future, but the invoice is already raised.