“Sales – Service and Lease” Management consists of entering service contracts or lease contracts with billing terms. From these documents the system can generate invoices automatically according to their terms. It’s management is simple and saves a lot of time and above all avoids oversights and errors. It also allows a simple and efficient control and monitoring of contracts and invoices generated by contract.
Here is more detail about these two types of contract:
Lease Contract (or Rental Agreement): Inventoried products (tools, equipment, etc.) are rented. When the rental products are ready to be delivered, the system generates a delivery slip, then a user confirms it and enters the serial numbers, if applicable. At the end of the contract, a return slip is generated and must be confirmed. Reports, analyzes and stock on hand consultation allow you to quickly know where the rented products are located at all times. The system then generates recurring invoices according to the requested frequency from the delivery date until the return date.
Service Contract : This is the same principle as for lease contracts but without product management in the inventory, without delivery note and return slip. Invoicing begins and ends on the dates requested by the customer contract.
Invoicing
Periodically, a user only has to validate a pre-list of invoices to be issued. The system proposes the invoices to be generated for each contract by considering the last invoice issued and the invoicing frequency of the contract. Upon acceptance, so-called « automatic» invoices are generated. Since a contract may require the billing of extras or other costs, for example installation costs, it is possible to include « billed only ounce » lines in the contract in addition to recurring sales lines. In addition, it is possible to generate « manual » type invoices at any time for extras and to link them to contracts.
Invoices related to contracts, generated automatically or not, are posted to a specific journal allowing them to be distinguished from regular invoices, in the Financial Management system. The software also offers a deferred revenue report allowing to calculate the amount of this revenue according to the number of days accrued from contract sales (Service and Lease).
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