An invoice is a document that provides a detailed record of a transaction between a seller and a buyer.
Invoices are generated as a part of an automated billing process that is very well-tested.
An invoice is generated on the last day of every month. This is generally applicable to all our clients. The bill is generated based on the following entities:
- Active headcount for the month: This includes active employees, new joiners, employees whose salary is on hold, and employees whose salary has been stopped.
- Final settlement employees for the month.
You have to make sure that the headcounts are correct during the month's end or before the bill is generated. There is an option to select the billing date as 5th, 10th, or 15th of the next month. Based on your selection, invoices are generated on those dates of the next month.
This option is been provided, to our clients who process their payroll by the 7th of the next month. You can choose the billing cycle that suits you best.
Note: The due date of payment is 10 days from the date of invoice. We request you release the payment by the 10th of each month and share the complete transaction details of the payment with gopayments@greytip.com. Payment should be on a monthly basis.
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Related Links:
❓FAQs- To read more FAQs on Invoices, click here.
📃Documentation- To learn more about the Admin portal, click here.
▶Video- To watch the videos on greytHR, click here.
📢Product Update- To read about the product update, click here.