An invoice is a list of goods or services provided, with a statement of the sum due for these goods and/or services.
The following invoice types are available in netFORUM:
Prepaid—A payment is received with the invoice i.e. the payment is immediate.
Terms—This requires that payment be made under certain terms, typically a time period.
Example: "Net 30," Requiring that the payment is due in-full 30 days after the item is purchased.
Proforma—An invoice provided in advance, without guarantee of payment. Only after a payment is made can a proforma invoice turn into a "hard" invoice and be accounted for as revenue.
Example: A Dues Renewal Invoice. When a dues renewal invoice is mailed, the member has the option to pay or not pay, depending on whether they want to renew their membership.
Installment Billing—This creates an order versus an invoice.
The five standard Group Item Links (Add, Find, List, Run Query, Query Central), are available in the Invoice group item.
Tip: Since orders are related to individuals or organizations that are already in your database, you will typically navigate to an Invoice Profile from an Individual Profile, Organization Profile, Registrant Profile or other Module within netFORUM. For example, Membership, Awards, in the left Profile Information Panel of the Subscriber Profile, Batch, the invoice line items child form on the Payment Profile, and so on.