Anchor agreements are fully editable. You can adjust terms, prices, or services to keep your business flexible and your clients happy.
To update the billing date:
Open the agreement to modify
Click "Edit" and find the service you wish to edit
Use the date picker to choose a new billing date
Click "Save changes and notify client." An email notification will be sent out, informing your client of the billing date change. Approval is not required for this amendment.
Amending a billing date applies only to services set up with automatic billing. Manual services do not have the option for date adjustment at this time.
Overlap or gap scenarios
If you change a billing date after an invoice for the current period has been issued, Anchor will show a yellow alert. The alert indicates that the next invoice may overlap with the period already billed. For this invoice only, client approval will be required. Subsequent invoices will process automatically.
Let's look at an example scenario to illustrate an overlap:
The service 'Bookkeeping Services' was last billed on February 12th (covering the period from February 12th to March 11th).
Today is February 13th. You wish to change the billing date to the 14th of each month.
Since the 14th is tomorrow, saving the changes would result in an invoice being issued (covering February 14th to March 13th) which includes an already-billed period in it (February 14th to March 11th).
To avoid this, come back to edit the service when the new billing day you wish to set has passed (in our example, come back on Feb 15th, to change the date to the 14th of every month).
