Updated November 2023
Set up your contract lines to be invoiced on a recurring basis.
In order to invoice recurring contract lines you must leverage Fixed Fees.
Note: If the contract line was initially set up as Manual and time was booked against the contract line, you won't be able to change the invoicing type to Recurring.
Next, click on the Invoicing tab to select Recurring fixed fee and define the following parameters:
Field | Description |
Start date | On this date PSOhub will automatically invoice this contract line. |
End date | This date determines when PSOhub will stop invoicing the contract line.
Note: that this field is not mandatory. If your recurring fees are renewed automatically on a yearly basis, you can leave it blank.
Once the contract is terminated, simply come back to the contract line and specify the end date.
Also note, that if you deactivate a contract line defined as a Recurring fixed fee, it will no longer be invoiced. |
Frequency | You can opt for a monthly or yearly invoicing recurrence. |
Next invoice on | The date and the amount as defined in the General tab is shown as the upcoming invoice.  |
Because the invoices will be generated automatically you can decide on one of the below options:
The invoices to be first generated as drafts. This will allow you to review them (modify or even delete them) and then send them yourself.
Note: That if you delete the invoice, it will not be generated again.Or to be automatically approved and sent to the customer.
This setting is located in the left section of the project in the SMART invoice status field.
Note: If you create a project on Day X with the status Proposal and set a Fixed Fee as Recurring with the start date of the recurrence on Day X, as soon as you change the status of your project to Active, PSOhub will automatically generate the invoice (as draft or approved/sent depending on the settings you will have defined). If your project was already active when you set the recurring contract line with a start date on Day X then PSOhub will still generate the invoice on that day but on the next hour.
Once the invoice is generated you will find it in the Invoices section of your project.
Note: that if you have multiple recurring contract lines that are scheduled to be invoiced on the same date, they will all be included on one single invoice.
If it was set as a draft you will be able to open it and make any modification and then approve/send it.
If your invoice was set up to be approved and sent automatically you will see the invoice number displayed in the left-hand pane in the Number field. If you do not integrate PSOhub with a financial solution, the invoice will be sent directly to your client.
If you have integrated PSOhub with your financial solution* you will see the number generated by your financial solution in the Accounting invoice number field. In this case, the invoice will be first posted to your financial solution where it will, in turn, generate an invoice that will also be sent directly to your client:
*The list of financial software that PSOhub integrates with is located in the Marketplace & Integrations settings.
Learn more about how to define your invoice settings (invoice email, default sender, footer, etc). In PSOhub, you can leverage smart contracts and have the system automatically generate the invoices for you.