Invoicing settings

Invoicing settings can be found under Settings → Invoicing and collection. This section has four subcategories: invoicing basic information, automatic collection, numbering and defaults, and e-invoices.

Invoicing basic information

Here you can find and update all the information shown on sent invoices.

Payment details — the account number (IBAN) and BIC code the invoice payment is directed to. These must be correct before sending your first invoice.

Company invoicing address — email, contact person's name, street address, postal code, city, and country. This information appears on the invoice as the sender's details.

Invoice email defaults — the default subject and default message sent to the customer by email along with the invoice. These can also be edited on a case-by-case basis when creating an invoice, but the default values speed up your work when the same message fits most invoices.

Numbering and defaults

Invoicing numbering and defaults can be found under Settings → Invoicing and collection → Numbering and defaults.

Accrual-basis postings — determines whether accrual-basis postings are activated automatically along with invoices. When this setting is on, NoCFO automatically creates accounts receivable and accounts payable postings from sales and purchase invoices.

Next invoice number — you can set the number from which invoice numbering continues. Useful for example when switching from another program and you want to continue numbering from where it left off.

Penalty interest % — the default late payment interest added automatically to new invoices. You can also change this on a case-by-case basis when creating an invoice.

Payment term — the default payment term in days added automatically to new invoices. For example, 14 means a 14-day payment period. You can also change this on a case-by-case basis when creating an invoice.