Invoice Details allow you to add more specific information on the invoice so that it can be tailored to the requirements of payment or type of invoice.
This article outlines each of the invoice details and how they can be used to make the most of Rex PM's financial management.
To create an invoice you can check out our Create an Invoice help article.
More Options
Under the More Options drop-down on an invoice there are additional features that can be used to better manage the invoice for specific circumstances.
Disbursement Instruction
Disbursement Instruction is pre-filled based on the default on the 'payable to' folio's disbursement preferences. To find out more - Ownership Disbursement Preferences, Contact Payment Methods & Disbursement Preferences
These determine the payout method when the funds are being disbursed to the 'payable to' folio. This is especially important when funds are being paid outside of the normal preference or a specific payout method such as BPAY or Cheque.
Do not pay before date via disbursement
If an invoice is not to be paid before a certain date, the invoice is not due for some time, or is to be paid in instalments across multiple invoices, you can set a 'do not pay before date' so that during disbursement the invoice will not be paid.
Please note: this only applies during disbursement, so the invoice will still be available to pay via transfers or other manual payment options.
Priority
Invoices can have a priority set which can help to understand which invoices are of a higher priority to be paid. This also informes what order invoices are paid during disbursement or transfers.
ie. Invoices with a High priority will be paid before those with a Normal or Low priority.
Invoice Notes
Invoice Notes allow you to add any additional information that you'd like to include on an invoice. This is especially useful for water invoices where you can outline the water charges and invoice dates for a tenant, or add more detail for a Maintenance invoice.