@EBFinancials wrote:
It cannot be created on the day of service, in our case, as the service is rendered during a full month cycle from its 1st day to the last, including.
So only when we analyze the numbers on the following month we can know the exact invoice amount, not even a day before.
Our invoice amount is based on the clicks that the affiliate sent to us, therefore it cannot be created at the time of service.
What do you mean by monthly statements
In your example (Service on 5/25 with invoice issued on 6/25), how come it is 30+ days overdue in case of Net 30 terms. I misunderstand. And then, again, how will it show current if it is 30+ overdue (in your example)?
We do report accrual
Monthly statements are exactly what they sound like, a statement of all activity during a monthly cycle. Usually this includes multiple invoices on multiple dates. Since you are not issuing invoices upon service you can forget about statements, unless you would, for example, today on July 1, issue 30 daily invoices for each day of service in June. Instead, as I understand it, you are issuing a single invoice for the prior month of service. You can itemize the charges by day by adding a service date column to yoru invoice template. But the billing date will be the invoice date, not anything internal. And if you are net 30 then technically any service you provided on 6/1 is not due until 7/31 since you did not bill until 7/1.
From the prior example, an invoice dated 6/25 is in your books on 6/25 and thus the income posts on 6/25 (accrual). the service dates are, in your case, immaterial, and if it is net 30 then it is due on 7/25. You can also set up terms for net end of the next month, thus if you were ever in a situation where you did issue invoices at time of service they would not be due until the end of the month that you send out the monthly statement
