Invoice a service Contract In full at the start of Contract

leegeorgeHughes

Hi-

I am trying to work out a way of generating an invoice for the full value of a service contract when it is created.

We have contracts that can be for 3 years but need to invoice the contract in full at the time it is entered.

we don't need the revenue to be split out over the 3 years - the total sale can be shown with todays date.

There is no option on the service contract "invoice Period" to allow you to invoice in full.

If I set the invoice period to NONE and try to create an invoice from Functions>Create Service Invoice unsurprisingly no invoice is created.

Is there another mechanism for creating a service invoice in 1 go for a multi period contract??

Many Thanks in Advance

Leegeorge Hughes

AlexWiley

I haven't used the Service module since Prepayments were introduced in 5.0; can you do a complete pre-payment on a service invoice?

elmarfv

Hi leegeorgeHughes,

How do you create a contract for 3 years? I thought you could only create yearly contracts?

aseigle

If you set up a Prepaid Service Contract and mapped it to you revenue account rather than a deferred revenue you could theoretically get by. Just make sure that you don't run the Post Prepaid Contract Entries batch job or else it will move the revenue you posted correctly in the first place. Just a thought. Haven't tried it.

karimmahrady

Hi,

I have the same issue, did you find a solution to your problem ?

Thanks.

Karim

Eoin_L

How do I see the difference between 'revenue account rather than a deferred revenue'? As my contract Invoices currently breakdown monthly rather than yearly.