Invoice Timing: You may now choose when the invoice is sent depending on the frequency of billing. This timing along with the new collection term setting will increase the accuracy of your cash plan.

When the pricing plan has a frequency set to Quarterly, Semi-Annually, or Annually you can now set the invoice timing as either Upfront or in Arrears.

If set as Upfront: The revenue will be billed on the first month of the revenue stream.

If set as in Arrears: The revenue will be billed on the last month of the revenue stream.

Note that Monthly expenses are assumed to be billed during the month of occurrence and this option is greyed out from selection.

Once the revenue is billed to the customer, the collection term will then govern when the cash collection would occur. Immediate means during the month of billing. Additional collection terms can be set up unique to your business.

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