Invoicing Schedule
Invoices are typically issued on the 5th of each month and must be paid within 25 days from the invoice date.Payments are primarily made in advance, with a one-time transition period at the start of the collaboration.
First Invoicing Cycle (Start of Collaboration)
When a collaboration starts mid-month, the first invoicing cycle will include multiple invoice periods to align billing with our standard monthly invoicing schedule.
Example:
If the collaboration starts on April 17, the first invoice will be sent on May 5 and will include the following periods:
April 17–30 (partial past month)
May 1–31 (current month)
June 1–30 (upcoming month)
This means the first invoice may cover past, current, and upcoming periods to ensure the invoicing schedule is aligned going forward.
Ongoing Monthly Invoicing
After the initial invoicing cycle, billing is simplified and follows a single-invoice, advance-payment model.
Example:
On June 5, an invoice is issued covering the period July 1–31. The invoice must be paid no later than June 30. From this point onward, each invoice will:
Be issued on the 5th of the month
Cover one upcoming month
Be paid in advance
Summary
Invoices are sent on the 5th of each month
Payment terms are 25 days
The first invoice may include multiple billing periods to align with the monthly cycle
All subsequent invoices cover one upcoming month and are paid in advance
Visual Summary - Example
April 17 April 30 May 31 June 30 July 31
|---------------|---------------|---------------|---------------|
Start date Past period Current month Upcoming Upcoming
May 5 Invoice:
- Apr 17–30 (past)
- May 1–31 (current)
- Jun 1–30 (advance)
June 5 Invoice:
- Jul 1–31 (advance)