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> Avi Freedman wrote:
Re: Invoicing Questions
From: Avi Freedman
Date: Friday, January 8, 1999
Time: 8:26:12 pm
>
> >So for monthly-paying accounts, the "Invoice XX Days Before Exp." field
> >refers
> >to invoice XX days before the beginning of the next month?
>
> No... it's before the customer's expiration date. Which COULD be the 1st
> of the month, but not neccessarily.
So monthly-paying customers expire every month?
If not, where do you set how many days in advance to bill monthly-paying
users?
> >(We bill Net 0 - invoicing the 15th of the month before and all $$$ is due
> > by the 1st of the month of service).
> >
> >This is no problem to do, I assume?
>
> Nope... The customer's expiration date would be the 1st of the month. So
> have it invoice 15 days before expiration date, and bill credit card 0
> days before expiration date.
Right, that's what I figured, but see my above Q :)
> >Also, is there any way to do a report that shows "Deferred Revenue" for
> >accounting purposes - the amount of money collected in advance for services
> >not yet rendered?
>
> Sort of... :-) The Liability report does that sort of... it generates a
> report that if you went out of business today, what you owe people.
>
> - Shawn
Sounds like it does it... Can you think of any way in which it doesn't
equate to a deferred-revenue report?
Thanks,
Avi
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