[Question] Invoicing for next month

[car trader]

Hi

I know nothing about pastel and new to a job chasing payments however i do have a related inquiry about Pastel invoicing system. I would to invoice my clients before the end of the month (say the last week of the previous month) to help speed up payment.

I am being told this is not possible because it would mean the client would get invoiced in the actual calendar month and not for the new month.

Is this correct?
Or is there a way to do this so all my invoices can go out prior to the end of the month and not be allocated to the previous billing month?

i hope I am explaining myself clearly.

regards, Sam

[Neville Bailey]

Provided your user profile in Pastel allows you to use multi-period processing, there should be no problem doing it.

Let's say that your financial year runs from March to February, that means that Period 1 in Pastel relates to March, Period 2 relates to April, etc.

Now, let's say you want to send out April invoices towards the end of March. When you process the invoices, select Period 2 (April) and use a date in April, and then complete the invoice. From an accounting point of view, these invoices will raise income in April, even though you processed them in March.

[car trader]

Great thanks for your Help. I will check out our user profile.

regards

Sam