Monthly contracts are set up to generate invoices every month, covering a period of one calendar month. Its first monthly period kicks off from the very beginning of the contract's start date.

Go to contract of a monthly term and then click on three dot option. Next, choose Contract Invoice(s)

This popup lists all the terms starting from the contract's start date till future three terms. Each term is one month period.

The system is configured to generate invoices automatically each month, a designated number of days before the start of your billing term as specified in the Invoice creation field of your Contract. You can also generate invoices on your own whenever you want using the popup window above. Click here to learn more about Contracts.

If you'd like your invoices to show the Invoicing period with the product description, follow these simple steps

1. Click on the pen icon present with your product

2. Turn on Show Invoicing Period toggle to enable terms option.

Below are some Term options related to monthly contracts. Consider below dates for a monthly contract, for instance

Start Date of a Product: May 1st, 2023

Current month: November 2023

The Term indicates the date range of current billing month that is in effect at the time of invoice generation.

The Term (+1) indicates the date range of the subsequent billing month that will be in effect at the time of invoice generation.

The Term (-1) denotes the date range of the preceding billing month that was in effect at the time of invoice generation.

The Month (+1) indicates the month following the current billing month.

The Month (-1) indicates the month just before the current billing month.

The Month (+1) Year adds a month to the billing month and shows with current year.