Invoicing Payment Terms Options

We have furthermore expanded our invoicing module, this time adding more payment terms options. We understand 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 are able to 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 they felt limited by the selection the platform had to offer up until now. Although this is a small update in comparison 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 give you more flexibility on invoice payment terms. Previously, it was only possible to set a number of days from the invoice date, however, we understand that this approach doesn't work for everyone. With that in mind, we have now added more options for setting payment terms. They are the following:

• 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 terms options can be used for both sales invoices and purchase invoices (through self billing, set on contractor records). To make use of this new feature, just edit your client records and go to the Invoicing Details tab. If you want to apply them for contractors, you'll 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.