Overview:

To create a Sales Invoice Plan Template, navigate to the Sales Invoice Plan Templates tab and click the “New” button. Enter a name for the template and specify the number of periods based on the required number of invoices. Choose either “Periodic” or “Milestone” from the Sales Invoices Plan Type drop-down menu, depending on whether the invoicing amount is consistent or irregular across periods. For Milestone types, assign Sales Invoice Plan Template Line Items before activation. Set the frequency for invoice generation and, if applicable, add line items by navigating to the related list and clicking “New.” Ensure the total percentage for Milestone types sums to 100% by adding line items accordingly. Finally, return to the Sales Invoice Template record and mark it as active.

Create a Sales Invoice Plan Template

1. Go to the Sales Invoice Plan Templates tab.
2. Click the New button at the top of the Recent Sales Invoice Plan Templates view.
3. Firstly enter the Sales Invoice Plan Template Name
4. Fill out Number of Periods depending on how many invoices will be required.
5. In the Sales Invoices Plan Type drop-down menu select Periodic (if the same amount is going to be repeated over a certain number of invoices) or Milestone (if the amount to invoice is going to be irregular over a certain number of invoices)
6. If the selected type is Milestone, please note that you will have to assign Sales Invoice Plan Template Line Items (please follow Step 9 to Step 13) before activating the Sales Invoice Plan Template.
7. Enter a value in the Number of Periods field to indicate how many invoices are needed.
8. Use the Frequency drop-down menu to indicate the rate at which the invoices drafts are to be generated.
9. If the selected type is Milestones, Sales Invoice Plan Templates Line Items have to be added to the record before activating the Sales Invoice Plan Template.
   • In the Sales Invoice Plan Template record, navigate to the Sales Invoice Plan Templates Line Item related list and click the New button.
   • The Sales Invoice Plan Template name will be auto-filled with the value saved on the record. Alternatively, click the lookup button to view a list of Sales Invoice Plan Templates stored
   • Assign a value in the Percentage field. Before activating the Sales Invoice Plan Template, if the  Plan Type selected is Milestone Sales Invoicing, the total percentage must be equal to 100% by adding line items
10. Repeat Step 10 –> Step 12 for each line item
11. Return to the Sales Invoice Template record and tick the Active checkbox.

Learn more about Sales Invoice Plan in Zumzum Financials.