Editing Invoice Terms

Invoice Terms are an essential component of the Billing Profile. Invoice Terms specify invoicing instructions, such as when the agency bills, what the agency bills, client billing preference, and how invoices should be split, grouped, or summarized.

Invoice Terms include:

• Net days due
• Approval conditions
• Applicable discount and/or surcharge rates
• Invoice Format (Invoice Statement Template)

Invoice Terms are an essential component of invoicing and are subject to change. When the Invoice Terms change, you can edit the existing terms to better suit your needs. This allows you to update the Invoice Terms without having to change the associated Billing Profile.

This article covers how to edit existing Invoice Terms. See Adding a New Invoice Term Version for other options on editing existing terms.

Directly editing an Invoice Term will impact historical data. If you need to preserve current Invoice Term data by making the new term effective on a specific date, see Adding a New Invoice Term Version.

1. On the company record, select the Invoice Terms tab.

2. Open the invoice term you wish to update.

3. Select the Edit tab.

4. Modify the information as needed.

   1. Editable Fields

      • Effective Date: The date you want to start using the profile. The date will default to today's date.
      • Title: This is the name of the term profile that will be used in other parts of the application. Enter in a name that helps distinguish it from other term profiles.
      • Description: Optional. Describe what the Term is for.
      • Status: Determines if the invoice term is currently in use. Active Invoice Terms may be assigned to Billing Profiles.
      • Currency: Sets the currency type used on the invoice. Mixed currency invoices are not supported.
      • Billing Cycle: If configured, you can assign a Billing Cycle, such as Monthly or Bi-Monthly billing, and associated Billing Calendar to the Invoice Term. You may choose to leave this field blank if you don't plan on using billing cycles for invoicing.
      • Default Invoicing Hold: Only visible if you have enabled Invoicing Hold Status for your corp. See Default Invoicing Hold Status for more information.
      • Payment Terms: Sets the number of days after the invoice date that the invoice is due.
        • Due Upon Receipt: The due date is the same as the invoice date.
        • Net 5, Net 10, etc.: The due date is the invoice date + the Net Value.

          For Net 15, if the invoice date is 8/15/2025, the due date will be 8/30/2025.

      • Discount Rate: Enter a Discount Rate if applicable.
      • Surcharge Rate: Enter a Surcharge Rate if applicable.
      • File Types for Invoicing: Choose which file types should be attached to Invoices, if applicable:
        • Timesheet: This is the timesheet from BTE, displayed as an image.
        • Timesheet Attachment: These are attachments related to the timesheet. If an original timesheet was entered outside of BTE, it will appear here.
        • Expense Report: This is the expense report from BTE, displayed as an image.
        • Expense Receipt: Any receipts attached to the expense report will appear here.
      • Approval Required: Determines whether or not the invoice needs to be approved prior to it being finalized. This applies to Original and Credit invoice types.
      • PO Required: Indicates whether a Purchase Order is Required under this Invoice Term.
      • Invoice Only Approved Timecards: Indicates whether or not Billable Charges can be invoiced prior to timecards being approved. This applies to Original invoice types.
      • General Ledger Section: Used to assign a general ledger account to the invoice term. You may choose from a list of active accounts receivable options in the General Ledger Accounts table.
        
      • Invoice Format Section: Formatting information.
      • Invoice Statement Template: Select an invoice template to set the style and format of the invoice.
      • Remit Instructions: Include additional information for remitting payment, such as wire or electronic transfer instructions, payment address, etc
      • Split, Group, Summarize By Sections: How billable charges should display and how invoices should generate.
        • Split Invoice By: You can choose to split transactions into separate billing statements based on fields from the following entities:
          • Bill Master
          • Billable Charge
          • Candidate
          • Placement

            A client may want separate invoices for each Billing Profile.

        • Group Invoice By: Lets you decide how transactions should be grouped within an individual invoice statement, such as grouping transactions together by Hiring Manager. You can group the transactions by fields from the following entities:
          • Bill Master
          • Billable Charge
          • Candidate
          • Placement
        • Summarize Invoice By: Lets you indicate how each transaction on the invoice statement is presented, such as by the Contractor's name. You can summarize transactions by fields from the following entities:
          • Bill Master
          • Billable Charge
          • Candidate
          • Placement

5. Select Save to confirm your changes.

For more information on Invoice Terms see Adding Invoice Terms and Deleting Invoice Terms.

You must have the appropriate action entitlements in order to work with Invoice Terms. If you are unable to complete the steps above, contact Bullhorn Support to review and adjust your action entitlements.