Watch the Step-by-Step Video
For a visual guide, watch this video:
How to add more value to a contract, AFTER you have already associated invoices
On the TrueRev Dashboard, navigate to the Contracts tab and search for the contract you wish to add more value.
Once the contract is open, navigate to the Bookings tab. Update the contract value by going to each product line. Click the “edit” button and update the quantity and/or the price, then click Save.
Navigate to the Revenue tab to recognize the added value of the contract. Click the “Set up revenue schedule” button. Add the product by clicking the drop-down arrow.
Set up how you’d like to recognize the additional value of the contract by toggling the “Ratable” or “All-at-Once” options.
Change or update the start and end dates. You can click “Fill start date” and “Fill end date” to set them the same as the term dates. Then, click “Save”.
Once the invoice for the added contract value is available for association, you can go back to the contract and navigate to the Billing tab. In the “Associate an existing invoice” box, type the invoice number or the customer’s name to search the invoice, then select. The “Manage invoice line associations” dashboard will open. Click the “+Associate” button and select the Product.
Select “Use existing product”, use the dropdown to select the product. Click “Associate”, then “Done”.