Add a billing period to invoices.
The customer thinks that this could be a big step forward in customers being able to calculate an FTE value that ties to tuition billed.
It is not really about what the parent sees but more about the accounting side of things.
Right now the only way for our accounting team to tie an invoice to a billing period is if the user enters the Month in the manual notes line.
With a lot of enrollments, prorated tuition, and a lot of different folks billing, we don’t always get things 100% right, so this causes some revenue recognition woes for them.
They also see it helping us firm up an FTE value by being able to allocate revenue over the entire period of an invoice regardless of the billing date.
Product Area | Center Management |
Are customers at risk of leaving Procare without this item? | No |
Are customers going to competitors for this item? | No |
Requesting Customer | Creme de la Creme - 62563000 |