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Invoice Scheduler - Introducing profit splits per tranche (Retainer Invoices)
Invoice Scheduler - Introducing profit splits per tranche (Retainer Invoices)

Apply profit splits against individual tranches of a retainer

Ginny avatar
Written by Ginny
Updated over a week ago

Wondering how you can assign profit splits per tranche? Here's how:

NOTE: You can only do this once the job has been saved. From the Job profile > click on Actions > Invoice Schedule > Update profit split

Once an invoice is generated, this profit split will be applied to the invoice, and will also be calculated in the placement.

From the invoice, you can update the profit split and the updates will sync back to the profit split on the Schedule and vice versa. Click on Actions > Profit Split.

If you do not update the profit split, 100% of the profit will be assigned to the job owner.

The next improvement we have made for Retained Invoices which are scheduled by date is the Invoice Date will not default to the date in the Schedule. Previously, when clicking on the Generate Invoice button, the system would pick up today’s date.

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