Example of six-monthly subscription (M6)

In this example you will add a subscription to an invoice cycle for six months (M6). The subscription starts on 1 January of the current year. Profit must invoice from 1 January of the current year. On 2 February you perform an invoice run and Profit must then invoice this subscription.

Subscription with six-monthly invoice cycle (M6):

• Start date subscription: 1 January of the current year.
• Start date invoice cycle: 1 January of the current year.
• Cycle invoicing: Six months.
• First invoice run: 2 February of the current year.

To add a subscription:

1. Go to: Subscriptions / Subscription / Subscription.
2. Click on: New.
3. Select a value for Organisation/person.

   

4. Select a value for Type of subscription.

   You can use the subscription type in reporting or to select subscriptions during invoicing.

5. Complete the remaining fields.
6.  Add the line:
   1. Select a value for Item type.
   2. Select a value for Item code.
   3. Enter 1 January of the current year in Start date and Invoice from.

   If you now start the invoice run on 2 February of this year Profit does invoice the subscription. The start date of the cycle remains set to 1 July of the current year. You can only invoice the subscription again on (or after) 1 July.

7. Click on: Finish.