You can setup contractor payment date when you:
- Add a new job (See Add a new job for details)
- Edit job details (See Edit job details for details)
In either case, you can schedule a contractor's payment for any day you want. To use this feature the invoice must be factored in, and you should have at least one contract payment.
In the job details form, locate the Pay a Contractor section.
In the Payment Date field, you see the nearest available date by default. Use the Calendar icon to select the date of your choice.
____________________________________
How fees works for different dates
Denim has a comprehensive payments processing for factored jobs—you can see the logic of how this fees applies for different dates in the calendar.
For example if you select 10 June, the fee is at 2.29% and if you select 26 June, the fee is at 1.53%.
💡Note: If you select this calendar icon to set the Payment Date for a non-factored job, the date-specific fees is not available in the calendar, as below.
Follow the same steps if the job has more than one contractors.