Parrot 26.0

Flexible Invoicing Periods in Parrot

We are excited to announce a new feature that allows you to choose when invoices are created, separate from the period being invoiced. This enhancement makes it easier to handle both advance and arrears billing, giving you more control over when documents and planning lines are generated.

Key Contract Dates in Parrot

The contracts in Parrot include the following dates:

• Contract Date: The date when the contract was created.
• Start Date: The date when the contract/contract line starts (not possible to invoice before this date).
• End Date: The date when the contract/contract line ends (not possible to invoice after this date).
• Next Period Start: The date when the upcoming contract period begins, for the contract/contract line.
• Next Action Date: The date when the next document or planning lines for the contract should be created and issued.

Important Note

The Next Period Start was previously called Next Posting Date. The field has changed its caption but retains the same functionality (if no Date Setup Code is specified on the contract). The Next Action Date is used in the Create Documents/Planning Lines From Contracts batch job to filter which contracts to process. The batch job previously used the Next Posting Date. If no Date Setup Code is specified on the contract, the Next Action Date is always the same as the Next Period Start date.

Read more about about Flexible Invoicing Periods here. 

Improved Sorting of Invoice Lines

We have also improved the sorting of invoice lines on invoices created from project planning lines, making it easier to manage and review your invoices.

Find out more about this and other functions in Parrot here.