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:
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.