Half yearly contracts are set up to generate invoices every six months, covering a period of six calendar months. The first half yearly period kicks off from the very beginning of the contract's start date.

Go to contract of a half yearly 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 six month period.

The system is configured to generate invoices automatically every six months, 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 manually whenever you need 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 yearly contracts. Consider below dates for a yearly contract, for instance:

Start Date of a Product: Sept 1st, 2024

The Term indicates the current billing half year that is in effect at the time of invoice generation.

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

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

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