NetLessor - Automated Invoicing
OVERVIEW
NetLessor allows for automated invoicing. Enabling this feature will allow client invoices in bulk to be generated based on lease payments.
PREREQUISITES
The automated invoicing feature must be enabled in NetLessor Setup. See our guide for setting up features.
ITEM SET UP
- Create a non-lease invoicing item. Navigate to Lists > Accounting > Items > New. Under the Non-inventory Item section, select For Sale.
- Enter the name for the billing item and any tagging information desired. Under the Accounting subtab, enter the lease receivable clearing account as the Income Account and the tax schedule associated with the item. Click Save.
- Attach the invoice item to each lease type. Navigate to NetLessor > NetLessor Setup > Manage Lease Types. Select Edit next to the lease type. Select the invoice item as the Lease Payment Invoicing Item.
- If using non-lease payments, select the same invoice item for the non-lease payment invoicing item.
- Verify that a customer is linked to each lease. Add a customer by editing the lease record and selecting the relevant customer for the lease.
STEP BY STEP PROCESS
- Navigate to NetLessor > Process Monthly Transactions > Monthly Invoicing. Filter and select the desired leases. Select the period to create the invoices for and press Generate Transactions.
| Multiple Selection NetLessor allows the selection of multiple leases when generating invoices. The system will create an individual invoice for each lease. |
- Refresh until the invoices are created. Click on the hyperlink to view the invoice.