Set preferred values for subscriptions

You can set preferred values for subscriptions. When you add a new subscription, Profit will complete these fields for you. In that case, you can still change these fields.

This involves among other things the invoice cycle. You have the following options:

• Do not propose date

  Enter the start date of the invoice cycle yourself.

• According to cycle

  Profit calculates the start date of the subscription invoice cycle on the basis of the start date of the subscription and the selected cycle. It is now mandatory to select an invoice cycle in the Cycle field. This is the most widely used option.

  For a new subscription starting on ‘18 September’, the start date for invoicing of ‘1 October’ appears for a monthly cycle.

• Same as start date subscription

  Profit copies the start date of the new subscription to the start date of the invoice cycle.

• First day current week

  Profit determines the start date of the invoice cycle by taking the system date on which the subscription was added and then proposing the date of the first day of the current week. This also applies to the First day current month, First day current quarter and First day current year options. Instead of 'week’, you then read 'month', 'quarter', and so on in the above explanation.

• First day next week

  Profit determines the invoice cycle start date by taking the system date on which the subscription was added and then, based on this, proposing the date of the first day of the following week. This also applies to the First day next month, First day next quarter and First day next year options. Instead of 'week’, you then read 'month', 'quarter', and so on in the above explanation.

You have the same options for the renewal cycle. The renewal cycle can deviate from the invoice cycle.

To set the preferred values for a subscription:

1. Go to: Subscriptions / Management / Settings.
2. Go to the tab: General.

   The information on this tab also applies to subscriptions. Profit assigns subscriptions to the Administration entered here if you do not select an alternative administration at a lower level.

3. Go to the tab: Subscriptions.
4. In Start date invoice cycle, specify how Profit must calculate the invoice cycle start date for a new subscription.
5. If applicable, select the cycle in Cycle. For example, month, quarter or year.

   You can only complete this field if you have selected According to cycle in the Start date inv. cycle field.

6. In Proposed extension date, select how Profit must calculate the proposed renewal date for a new subscription.

   You have the same options as in Start date invoice cycle.

7. If applicable, select the cycle in Cycle.

   You can only complete this field if you have selectedAccording to cycle in the Proposed extension date field.

8. Click on: OK. 

   You are now asked whether you want to open the environment again to process the changes.

9. Click on: Yes. 

You can then set up the integration with Profit Financial.