Recruiterflow allows you to conveniently manage revenue tracking by adding custom tranches directly within an existing retained job profile. This helps you maintain accurate financial records and easily monitor the progress of your retained engagements.
Follow these steps to add a custom tranche to your retained jobs:
Step-by-step Guide
Navigate to the Job Profile and Access the Billing Section:
Open the job for which you want to add a new tranche.
Within the job profile, head to the Billing section.
Add a New Tranche:
Click on the "Add Tranche" (+) button.
Enter the details for the new tranche:
Amount: Specify the tranche amount.
Status: Where does the payment stand?
Billing Date: When was the billing recorded?
Due Date: Select the due date for the tranche.
Attribution (Optional): Provide additional details on who the revenue is attributed to
Contacts (Optional): Add contacts whom you want to link with the tranche
Save Your Tranche:
Click "Save" to finalize and add the tranche to the job.
Tranche Status Definitions
Here's a quick reference to understand each tranche status clearly:
Draft: Tranche details are entered as preliminary and may require further review before activation.
Open: The tranche is officially active, and payment is due according to the specified terms.
Paid: Payment has been received and is reflected in your revenue tracking.
Void: The tranche has been canceled and will not be pursued or collected.
Uncollectible: Efforts to collect payment have ceased, and the amount is marked as unrecoverable.
Next Steps
Once you’ve added a custom tranche, you can:
Regularly update tranche statuses to maintain accurate records.
Review the financial overview within the Revenue Tracking section for enhanced visibility.
For further details on revenue tracking, explore related articles: