Distributing revenue from seasonal or annual pitches
To distribute revenue from long-term reservations across multiple months in your accounting, the invoice date must fall within the first month of the realization period. By using payment terms, you ensure that your guests can continue to pay in installments throughout the realization period.
It is no longer possible to retroactively distribute revenue from long-term reservations across months if the invoice date is at the end of the realization period (invoice period).
To ensure that revenue is distributed proportionally over the realization period, set your journalization to 'distribute across months', and also make sure that you date (send) the invoice in the first month of the realization period.
You can do this by either setting the booking invoice creation (invoice moment) to 'at confirmation' or by manually sending the invoice and establishing the invoice date that way.
Read more: Correlation between invoice moment and journalization
Because you are moving the invoice date forward to a point before the dates on which you want to book the revenue in your accounting records, your revenue will be distributed via the ledger account 'Pre-invoiced turnover'.
Read more: Distributing revenue via 'Pre-invoiced turnover'
Payment installments for guests
To allow your guests to pay monthly during the realization period, set up payment terms when creating/sending the invoice.
After clicking 'send invoice', you will reach a page where you can adjust the payment schedule at the top. Here, you can postpone the payment deadline and create a payment schedule with monthly installments.
First, set the deadline for the total amount to the end of the realization period, and then add as many installments as there are months in the realization period. You can adjust the exact payment deadlines for each installment.