Getting paid against a contract - Pacten Guides
This is where Contracts & Docs meets Finance. Everything happens on the contract’s Terms tab.
1
Confirm the figures
If nobody has checked the value and terms yet, you will see “Nobody has checked these figures yet”. Check them and click These figures are correct.
2
Attach a payment plan
Click Attach a payment plan. The invoice builder opens with the amount, currency, client and contract already filled in.
3
Choose how to collect
Pick One-time, Payment plan or Recurring, set it up, then Save draft or send it. A plan sends the first invoice and schedules the rest.
4
Watch the money
Back on the contract, Money under this agreement shows Asked for, Received and Still owed, each payment with its due date and status, and what is next. Use Copy payment link to send the next one.
Engagement contracts bill themselves
When a contract that belongs to an engagement is fully signed, Pacten fills in the engagement’s fee, currency and billing model if they are blank and starts its billing. A standalone contract does not, so attach a plan.
Paid on the spot
If an invoice is already waiting when the client signs, their confirmation page shows Pay with the amount, so they can pay straight away.
Frequently asked questions
- Why can’t I attach a payment plan?
- The figures have to be confirmed first. Click These figures are correct on the Terms tab; it needs a total value.
- Does attaching a plan replace the old one?
- No. Add another payment adds to what is already there.
- Who can see the money?
- Only members who can see commercial terms, which means people with the finance or legal label.