The Net 45+ (SOI) strategy relies on you to fund your account according to partner payments invoices that have been generated. The sum of financial obligations found on these invoices can be found on the Statement of Invoices (SOI). This document is generated after partner payments invoices for the prior month have been created, and is not itself an invoice. Partner payments invoices must still be settled individually. Learn how invoices get settled.
Optimal for action locking periods longer than 30 days.
Best for funding your account after actions lock.
Useful if you need more than 2 weeks to settle invoices.
Relies on invoiced financial obligations to inform how much to fund your account.
Can configure custom GAAP months.
Customize which day of the month you'd like your invoices generated by setting a custom GAAP month. If you decide to use a GAAP month, it must be configured before you launch and cannot be changed after your program launches. If you'd like to enable this after your program has launched, reach out to your CSM for support. You can implement a custom GAAP month in the Monthly Statement section of your Partner Fees Document Settings. This section is only available if you have Fund based on invoices selected in the Funding Documents section.
Here are some common use cases for setting up a custom GAAP month:
You need a longer locking window (e.g., 45 days)
If a standard end-of-month lock (e.g., 27 days) is too short and you need a longer validation window such as 45 days, you can set your Action Locking to 1 month and 15 days. To prevent an invoice from being sent before these actions lock, a custom GAAP month must be enabled which will set the invoice generation date to occur after 45 days.
You need the invoice on a specific day
If you require your invoice on a specific day, a custom GAAP month must be enabled. However, this means you must ensure actions are locked before the date on which you want to receive your invoice. If actions lock later than this date, they will be missed and won’t appear on your invoice until the following month, which will delay partner payments.
Let's use the following Schedule data from a sample template term:
Action Locking: Actions are locked 1 month and 0 days after the end of the month they are tracked.
Custom GAAP Invoicing: Actions are invoiced on the 3rd of the month after they lock.
Payout Scheduling: Actions are paid 0 months and 5 days after the end of the month they are invoiced.
Here's how to set the custom GAAP month described above:
From the left navigation menu, select
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[Menu] → Finance.From the left navigation menu, select Settings → Billing Groups.
Hover over a billing group, then select
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[More] → Partner Fees Document SettingsUnder Monthly Statement,
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[Toggle on] Custom GAAP Month, then select OK.Choose to Generate Statement on the 3rd day of the month.
So what does the above Schedule look like in practice?
Let's say your partner drives actions in the month of January. By the end of the month, all actions that occurred in January remain in a pending state.
Throughout the month of February, those actions from January remain pending, which gives you time to modify or reverse any of them (like if an order was returned).
All of the actions from January lock on the last day of February, clearing them for payout. Partners can now see their payout amount in their earnings accounts as Pending.
On 03 March, impact.com generates the SOI document, summarizing the amount due for all invoices for actions that occurred in January. This document includes a payment due date of 08 April—this date is based on the payout schedule set in the above template term settings and the GAAP month setting.
You'll need to process the invoices and add funds to your funding account that covers the amount specified by the SOI before the due date, which would be 08 April in this example.
If you don't fund your funding account in time, your account will enter default and payment will be due immediately. Your partners won't receive payouts until your fund your account, and they will be directed to contact you regarding their pending payouts.
Reach out to your CSM (or contact support) to talk with impact.com about changing your funding strategy. This may affect any active contracts you have with partners, and you may need to update template terms. Work with your support agents to make sure all relevant financial details are up-to-date with the funding strategy you want to use.