Invoicing Payment Terms Options

We have further expanded our invoicing module, this time by adding more payment term options. We understand that every business is different and therefore offers varying payment terms, which became the basis of this update. Timesheet Portal aspires to be a flexible and universal platform, accommodating clients across different industries; this is why ensuring we can cater to your specific needs is among our top priorities. 

The decision to add more options came from our users, several of whom have shared that they felt limited by the selection the platform has offered until now. Although this is a small update compared to our usual functionality expansions, we believe many of our clients will find it useful. 

More Options to Choose From

These new options have been added to provide you with more flexibility regarding invoice payment terms. Previously, it was only possible to set a specific number of days from the invoice date; however, we understand that this approach does not work for everyone. With that in mind, we have now introduced additional options for setting payment terms. They are as follows:

• X days after the invoice date;

• X days from the end of the month;

• X day of the current month;

• X day of the following month.

These payment term options can be used for both sales invoices and purchase invoices (through self-billing set on contractor records). To utilise this new feature, simply edit your client records and navigate to the Invoicing Details tab. If you wish to apply them for contractors, you will find them on the Employment Details tab.

Be Part of Future Developments

At Timesheet Portal, we are always looking for ways to give our clients as much value as we can. All of our updates and changes begin with you. Therefore, if you have any complaints, suggestions or would just like to provide feedback - we are waiting to hear from you.