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Rent invoice example for Product Management

hello everyone and welcome to our webinar today's topic is all food service and rattle invoices I let me introduce myself my name is dasha I'm marketing coordinator and I will be hosting this webinar for you today you can follow us on social media to keep up to date with the latest company news events as well as industry updates now you can see our social profiles on the screen so just push the follow button and stay in touch let me introduce you to our speakers today today you will learn about invoicing in rigueur from our sin our software consultant Indra our users support lead and GLIP a VP of Operations and just to pick over you or what we are going to discuss today during this webinar we will talk about on-field job invoicing and rigor we will show different billable items like sir services consumables rental units combine units packages you'll see how to build oilfield service invoice or rental invoice general rentals invoice scene was generated by a billing cycle and others then we will talk about the about what revenue reports can be built and will also share some best practices of oilfield invoices and before we start for those who don't know much about us I would like to make a short introduction there is a flagship product of belkasoft Corporation which is a rapidly growing company offering software development and management consulting services from for medium-sized all food services and equipment rental businesses what we do is that we help companies become paperless we also offer custom solutions for any business needs and we create solutions that can be integrated tools with almost any popular software used by companies in oil field so what is rigor as a product it is a platform that has cloud application that you can access from a desktop which is fully supported by the mobile applications now we have a suit of mobile applications depending on the functions of your operations in the oilfield from general dispatch to sales and the prey and purchases in order to make you able to do many different operations when you are in the field and connecting to the main cloud but database for the internet rigor also has a number of user specific or sub-industry specific applications they include rental equipment distribution the downhaul tools the waste management flow back telecommunication tools management and others and most of our clients are in Canada in the US and the number is growing and what we wanted to share this great news with you guys this year it was among finalists as a consultancy of the Year by oil and gas whoo words this is a great achievement of ours like the oranges the worst judge stated rigorous moving the old field forward to the digital era and we will not stop but keep going and improving next I wanted to show you some of the companies that we've been working with and enjoying helping with the operations management they were right in terms of the size and the type of the equipment and the focus of the operations and thank you our clients so I would like to pass microphone - clapping we'll start talking about all field job invoicing thank you very much - ha hello everyone my name is glib I'm VP of Operations in rigor and as Duchess said I'd be talking I'll be talking about the wealth of job invoicing that he can perform in rigor software so basically what rigor software allows you to do is to accommodate different types of the items that it can be available for your clients and we will cover services consumables and parts and rental units today as the items that he can build to your customers but also rigor is able to accommodate the combi units and more complex rental units to be available to the customers and to the oil companies let's take a quick look at the general flow document flow chart of of the rigours system and is you if you're using the rigor software as well you probably know this chain of the documents but for those who who don't don't use rigor yet I I want to tell that we usually start with the rental agreement as the starting point of the every single job and the rental agreement is the main source of the prices for the invoice in the whole document of chain then once the rental agreement is approved and the operations department starts doing their job we generate different tickets it can be rental tickets it can be service stick it's both right turn and pick up tickets so the actual movement of the equipment and the actual services that your company provides your customers are captured within the tickets so you can have as many tickets per one rental service agreement meaning one job as you may have and here your operations and your unit number asset numbers and the particular services quantities are tracked within the tickets then once everything is completed and all the tickets are signed by the company representative at this site these information can be provided to the accountant and the accountant will be able to generate an invoice in the rigorous system by clicking just a few buttons so the accountant keeps one of the main role in terms of the invoicing but it mostly relies on the previous job of the both all the departments meaning sales and operations department so if a sales and fill techs have done their jobs properly and put all the information on the rental agreement and all the tickets they invoice will be correct and the accounting accounting person should only be able to check the accuracy of all the figures and all the amounts and just submit the invoice to the customer now let's talk a little bit about the types of the oil field jobs that you may have and we all know that oil field is is pretty complex think in terms of the billing because different oil companies pro provide different requirements through their suppliers and vendors of the equipment and services in terms of billing situations so we do know that many of the oil companies they have even at the same time they have different requirements depending on the approach they did like to account their expenses by particular will or by the whole location or pad so it really depends on the company and most of our clients they face these requirements and they're trying to accomplish everything with its rigor and we've seen that these accomplishments went well so they succeed with the invoice in their clients pretty well but basically we're talking about today about the pretty standard and simple types of from the voices which are oilfield service invoices we will also be covering the oil equipment rentals and general equipment rentals I will I will shed a little bit of light a little bit later about these two types also we we're gonna cover the batch drilling invoices this is the specific type there is also available at your disposal in rigger and we will talk about the billing cycles and multiwheel multi-well allocations so the first type of the invoices that I'd like to cover is the simplest one with that we may have this is the oilfield service invoice the oil service invoice will have pretty straightforward items on it meaning that we just keep track of the services that we provide the customer with the quantities and prices of these services and again rigger allows you to track your prices based on the different unit of measures saying that for example you provide a delivery services and sometimes you charge a customer with a 1 event of the delivery but some are some of the companies they charge their clients with a kilometers or miles or hours of the services so everything can be kept in the system and you are pretty flexible with setting up different kind of relative measures even within one database so the oil service invoice the chain of these documents is pretty simple so you see that we have just a rental service agreement then we have a few tickets or service tickets where we track our services by quantities the prices flow from the rental service agreement to the invoice directly and in waste capture prices for Marseille as I said and service quantities from the service tickets so this is very simple thread forward and and we can easily generate an invoice for the services so that's a screenshot of the service invoice in the record so you see that we have just one tab service and parts filled in with different services from fuel tickets and there is a big number of different fuel tickets so the invoice takes automatically everything from the tickets apply prices from rental service agreements and we get the total amount with the taxes applied automatically so we'll fill the rental job with a services and also be generated in rigor so in the delivery ticket you can have both rental equipment and services so again the system will be able to capture both of these activities and invoices in one document so let's take a quick look at the real life scenario in the data demo database in rigour let's take a look at our rental service agreement with the equipment forklift and generator with the quantities and rental per day prices and also we have a services delivery and pickup services for each equipment with also quantities and prices included and we have two delivered tickets the first delivered ticket is for delivering all the equipment of the client's location with the quantity and services included like a delivery with quantity one and also we have a deliberate in return upon the return of the equipment with services of pick up the equipment from the rental service agreement we can generate a service invoice we click on the service invoice and we choose the date of the invoice click generate and a newly generated service invoice will take all the services from the deliberate tickets only with the quantities prices and total amount including taxes alright so now let's go and take a look at the oil for rental invoice this is a little bit more complex because it has an equipment in in the invoice so basically the document flow chart looks like this so we have again the rental service agreement with prices of the equipment and we have equipment dispatch through the delivery ticket start and we have delivery ticket and so in the very simple scenario we deliver the equipment at the location it works for for a while and then we take it back and deliver it back to our Shore PR tour warehouse so and to deliver tickets are essential part in the tracking of the rental charges because each of these tickets track start date of the job and end date of the job so it calculates it automatically then the difference between start and date that comes up with a general and with a total days a number of days and multiplies it by the prices from the rental service agreement for the equipment and we get the total amount in the invoice so again pretty straightforward situation and even though you may have different movements of the equipment throughout the job say in a month you had multiple deliveries then you've taken back equipment several times and you have all these movements of the equipment captured with the dozens of tickets and again invoice will be able to take all this information calculate the total amount of days and get here the total amount with taxes so and also you you'll be able to track services as I said and consumables and parts so if you provide some kind of supplies were consumables or you do the repair of the equipment and you consume the parts through these repair but everything can be reimbursed and invoice to the customer and that's a quick demo of the rental invoice now let's take the same rental service agreement and let's assume that the customer has require that the invoice with the rental fee and service charges both included we have the same and delivered tickets with equipment and services provided and we go to Aris a click rental invoice generate and we select the date of the invoice click generate and newly generated invoice has both rental fees and service charges from the delivery tickets and rental charges are calculated based on the dates from the delivery ticket at start and end date and multiplied by the daily rental fee so the rental invoice has both again rental fees and service fee is calculated with taxes included good as long as we are moving forward I'd like to discuss with another type of the job that you may have in rigor which is the general rental invoices so how general rental invoices differ from the standard rental equipment invoices in the oilfield you may have a situation when your customer work your company just decide to build a customer with a kind of flat fee for the rental period so the rental periods can be different it can be by weeks or by months or by standard days so using the general equipment rental tool in the system you will be able to set different prices depending on the different rental periods also the rental price metrics will allow you to set a particular number of days for we should like build customer with a with a some kind of price for example if you dispatch the equipment and the customer had this equipment for five days so you charge this customer with a seven days price so you put by some kind of discount or another example can be in weeks say the customer had used the your equipment for 17 days and your church declined as the three weeks period so setting up these kind of different dimensions in the rental periods the system will analyze how many days is the equipment stated the location it will automatically apply a particular and appropriate price for these periods so in this example of the general rental invoice we see that equipment stated allocation for 28 days and the system applied for weeks rental period price so the rental rate is twenty three three nine four for this period so this is done automatically by the system you don't have to select what kind of price you need to apply you just need to do the setup properly and the system will do it for you all right now we are moving on and let's discuss the billing cycles and I'd like to introduce you to Internet she is hours user support sleep and entry welcome my name is Indra and I'm user Support Technician in rigor so let's talk a little bit about billing cycles in rigueur system so even trigger system you can have a different billing cycles for a rental job and you can generate separate rental invoices for these billing cycles like in this example you can see that one rental job can have can be ongoing for multiple billing cycles in the system yes so let's show how it works in rigueur system the billing cycle feature allows companies to generate invoices for a particular number of days for each other say you can set the billing cycle or you can set a default billing cycle for every new rental service agreement in our case we have 28 days billing cycle the benefit of having 28 days billing cycle is that in a year period the company can have 13 billion billing periods rather than 12 billing periods in a monthly billing cycles now let's assume that we have a job and we need to generate the first invoice for the building start cycle starting from April 1st so I generate a new invoice rental invoice and I select the date of the invoice as April 30th I click generate and the rental invoice calculates automatically the billing cycle days and it's 28 days and I just post invoice and if I want to generate a next invoice for the next billing cycle I go to earth say click on generate rental invoice and let's assume that my date will be Mather s so the new invoice will automatically generates and calculates the next billing cycle dates its from April 29 till May 26 so it's total of 28 days and it calculates the total amount with taxes included the next topic and let's speak about random invoice generation tool in rigor rigor system has a tool to invoice all ongoing rental jobs in the database at one procedure for example here you can see a fuse separate rental jobs with the different start dates and different rental periods so when everything is set up you can use invoice generation tool with predefined billing day for example nice day of every month then you can generate invoices for all these rental jobs just with one click in regeneration tool will automatically calculate rental periods for a new rental job or takes the rental period started from the last invoice date and will generate invoices so now blood will demonstrate how to use this invoice generation tool in rigueur system to generate multiple invoices at a time we go to oilfield rentals menu and we open rental invoice generation tool now we have to generate a new document and we select the date of this document first say it will be March 31st and we select the invoice date again it will be March 31st we can either post invoices that will be generated or if we uncheck this mark we just generate invoices we can check the correctness and accuracy of this invoice and then post them one by one or we can post them right away after the generation now when we're ready we click on generate and all the invoices for March 31st are generated for all their assets that have the open billing period Thank You Claire so the main advantage of invoice generation tools is that it can generate invoices for different ongoing to rental jobs with different billing cycles so you don't need to go separately to each rental service agreement and check if it's time to generate an invoice already for the client system can this tool can do it for you for example in this slide you can see that we have a five different rental jobs with different rental periods so when you run the voice generation tool on Billy Dee it calculates next billing periods and analyze which encore rental job can be invoiced today it generates invoices only for these jobs where billing date has the billing period and date it means that this tool does not invoice ongoing job which are in the middle of billing cycle as you can see the tool will invoice the job number one three and five and other jobs will be invoices with the next billing date so the next option for invoice generation in rigor is batch drilling invoices metrolink invoices allows to generate rental invoices based on well schedule so like in this slide you can see that you provide a rental equipment packaged to drilling rig and all company or drilling company provides you back at drilling interval or bath drilling schedule with well numbers and start and end dates for each well so and it shows us where we need to invoice this particular period of time so in every state document we have a Wells tab and we can enter all these batch drilling schedules for particular Wells and generate separated and voices based on deliberate rental equipment Basra Lincoln was is a feature that allows to allocate different rental food to allocate rental fees and services the service charges across the wells and in rental service agreement we activate badge drilling who and specify - what wells all the charges should be allocated on specific rental period and we can enter start date and it and generate badgerlink invoices redirect directly from Aris a so it's really powerful and useful tool in rigor to generate badgerlink invoices so here you can see yes the badgerlink document works though when you delivering equipment to climb this location and the job is running and you get inkwell start and end dates for each well start and end dates from the client so then you adding the schedules to badge drilling section in rental service agreement and based on this second aid and the dates each Val will get generated separate invoice with rental fees and service fees included yes and I would adhere to this slide that actually the gap day is can appear once you're using the best shrilling - because sometimes when you have dozens of invoices at the end of the month or at the end of the invoicing date so you you probably make me some days from the batch a drilling schedule or just the company didn't provide you with this all the days that equivalent stated oil kitchen and work for them so we call these days gap days and this is the natural process and unfortunately we've seen some situations when companies just lose these days and they just found out that we means this base and but we we have already closed the jobs and if everything is invoiced so we can invoice declined with these gap days and the god days report will actually tell you what kind of days your missed so injured do you want to add something here yes actually yes it's the main problem and you use that Sri Lankan voices the missed gap days not invoiced days because the rental period which we could calculate between job start and end date can be different from the badgerlink scheduled dates and it's difficult manually to catch these dates so we have a separate gap dates analysis report which can easily check all the data all the start and it's invoiced days and just give you a report with the periods which are not invoice yet and we can this is my list we can send this report to the client and ask which ones we should invoice for this gap days or what to do with this dates so in this next slide you can see another very very useful report it's missed rental days report and this report you can get missed more than worst all those days for each rental unit on clients location for particular job and if you double-click on missed column on missed rental days report on the left sides screenshot it can it will drill down you to the next detail report for a specific rental unit with the schedule which days where invoice already and which are not yet so it's very informative report you see the details about mr. Brown those days and just catch there even the errors in invoicing in system okay good and as you may have noticed we are moving from the simple types of the invoices and we're just a little bit increasing complexity of the invoices that can be generated in one of the most and interesting and sometimes pretty challenging is the multi well invoicing so in three let's talk about this Thank You clip yeah so the next topic I would like to speak with you is invoice generation trigger is multiple invoices multiple invoicing allows to generate when it was with allocated rental fees and service fees for Wells in one document so when the job is proceeded on the location but different Wells and with different Wells and clients needs and invoice where charges would be allocated by where else we can use multiple Aerys II and later generate multiple invoices for that there is a in multiple job it's very important to select correct Wells in rental tickets when you are delivering and returning equipment to clients location because later during multiple invoice generation system will analyze each of these tickets and all rental fees and service fees based on the ticket Wells will be allocated to each Wells separately so here you can see that we have Wells tab so we adding all the wells where the job will be provided and in the next slide you can see an example of multiple invoice already generated in the video system where in the document each line is allocated to separate Wells based on delivery and return tickets start and rental period start and end date and delivered equipment for in that ticket so it's very it's more complicated generation of invoices and rigor but is more useful and more helpful for clients so the next and the most complicated and the most useful invoice generation type is master and sub invoices so it's very similar to multiple invoices but it's same approach but more complicated and for example in this case client is asking you to write a separate invoice for each well so for these cases we built a master invoice with sub invoices approach for inverse generation procedure in rigor based on master invoice we build up invoices for each well so in this work in document workflow you can see that the job starts from with the rental service agreement you are delivering equipment electronic equipment from location then the next step is to set up a lucky well allocation rules and based on these rules we are generating as master invoice and later from master was the sub invoices with allocated rentals and service fees in these invoices so in the next light here is a screenshot of the window in rigueur where you are sitting up and allocations rules so we you can have as many allocation rules as you need so on the left side you can see allocation rules and in this example we are locating by Paris we set up an allocation rule for each Barrett and assigned to which Wells and by what's proportion to allocate the fees to do each well so in the next slide we can see yes if you could move please go up to the next slide so here we can see master invoice and an allocation setup tab we are setting up all the rules how to locate the bees so the pink line on the left side so in this rule we will be allocating evenly the fees for all three wells and the green said we can see that we will be locating only two well one so all the rental fee is for the period setup in this rule we will allocate all rental fees and service fees to one Bell and the last line the yellow one all the rental and service fees will be allocated to well number two so on the left side for is the separate rule we select which well we will be allocating and assigning that proportion the percentage of the allocations and then on the bottom we can see the rental period so we will select for issue separate rental so start and engage dates for which will be allocating rentals and service fees for separate wells so after all we'll set up we click generate button and all sub invoices will be generated automatically for example here we had a three allocation rule so three separate sub invoices are generated and when we generate all seven voices we have a separate sub invoice for each well which allocated fees based on the setup rules and total amount of all these up invoices is equal to a total amount of Meister invoice so this is the most complicated but it's really useful for clients in regeneration approach in rigor so these are all different ways and inverse generation approaches indicate what we have okay thank you very much enjoy that was very insightful and yeah despite that it may sounds a little bit difficult to understand but we just developed this feature for for some clients that are required to provide some kind of very complex and different difficult invoices for their customers meaning oil companies so that's why we've just develop this master and sub invoice is to to to give the ability to allocate rental and service fees between different Wells at the same time so now we've come to the Q&A session of this presentation it's not the end of the presentation so stay with us and we will we will cover a little bit more information after the Q&A session so you are able to provide your questions and to submit your questions through the Q&A section of the zoom application so you may find this clean a button and you can submit the question over there or just send us these questions in the chat window and we'll be happy to address those in the meantime - I'd like to ask you if we have any questions so far yes we actually do have a few questions so the first question is what is the difference between multiple invoice and master invoice yes so the main both invoices has wealth inside them so the rental and service fees are allocated to us the main difference is that multiple invoice it's one invoice for all the wells and all the allocations so it's one document master English and sub invoices you are able to generate separate invoice for each world with allocated rental and service fees inside yes and master and sub invoice is also allows you to set the rule in terms of what particular percent and I should like to locate or - what well but multi well and was just allows you to spread around the cost pretty evenly okay thank you the second question is can the system automatically generate invoices basically the system doesn't generate voices automatically so we we do these we leave these control to the accountants because accountants are usually they do want to control the process of invoice generation so if the system will do that automatically probe probably it will be not so visible and there is not controllable but we we call this semi-automatic process because as as we have shown you can generate a batch of the invoices with a click of one or a few buttons actually so you can generate dozens when the voice is clicking one button but still if you prefer to generate a customer on the like customer by customer basis you can generate invoices manually from RSA or use the invoice generation tool to Pro to process multiple invoices I see things and I have one more question can we invoice a particular ticket yes yes we can and the system allows you to invoice either a delivery ticket or a service ticket or a number of tickets for some period of time so yes the system is very flexible in terms of in voicing in different ways for different period of times and even sometimes based on the stage of the job so some of our clients they prefer to invoice on the particular tickets with a particular status so yes this this option is available as well okay thank you so no more questions just for now all right sounds good so we can move on and and let's talk a little bit about the rainy reports but because this is the pretty natural pathway when when you do the invoicing in rigor and then you'd like to analyze what kind of railing you had for some period of time so I would like to pass the mind to arson arson is our product manager so he will explain this yes Thank You Gleb good afternoon ladies and gentlemen as Gleb said the outcome of all the invoicing is supposed to be the revenue that we are expecting and it is a good thing to have analytics under your hand to be able to see where you are gaining and where you are losing so let's go on and see what the revenue reports we have in the system the first one would be the revenue by periods report this is a very comprehensive report and it has several variations and it can be triggered in several period variations also so on your screen as a right now you have you are seeing the variant that allows us to show the revenue allocation by the type of the revenue then grouped by the groups and the units so in total we have the type of the revenue that shows how its generated you can also have the variant of Engineer reverse type of revenue and the units you can also it's allocated by field technicians and type of the revenue you can also select the time periods with which could be like year by months or can be month by days or can be a year by weeks it's cetera so it is a very comprehensive report it will give you a precise picture of what you are supposed to see based on the choices that you make on the selection let's move on to the next report fairly simple but yet a powerful powerful information containing report this is the revenue by customers and it will show you precisely how much amount does every customer generate for you for its jobs so it's it also will allow you to see the client divisions and alongside with your line of businesses if you have implemented them in the system our next report would be the revenue analysis this report is also the dazzle also have several types of variations that you can also select several several variations of it it has right now being configured to show you the revenue analysis by the client based on the location and the item so this will show you how much precisely each item generates initial location for each client moving on to the next report this is the the top ten report and it will basically show you information about the top ten revenue generation mechanism that we have employed in the system those can be the rental units those can be the consumables the locations the engineer's areas field technicians etc this report also has several checkmarks that will allow you to extend the informativeness of the report meaning you can also check the show amount check box which will present you with the amount of each category that we have in the report right right now we can also check these shows services report let's go back we can also check these shows services checkbox and it will show you a show us all the services and analogically we can have the clients also shown on the report the revenue and Nels ABC analysis report this report will basically allow you to see the major categories of your revenue and see which exactly client or line of business or a salesperson or a field technician generates the amount of revenue ing to the group they are in the a being the most revenue generation and the C being the least your revenue generation groups let's move on and talk about the estimated revenue report the name suggests and we can see that in this report we have all the information that we are we need to have when we need to understand how much revenue we are estimating its based on the client we it also provides the information about the documents that were used to deploy in the RSA's and you can see the total amount of the estimated revenue underneath the report equipment revenue report will will allow you to see how much revenue does each piece of equipment generate based on a certain period of time a selectable period of time it will show you the actual unit and the unit number a rental unit and the unit number it will also provide with the information about the ticket and the service that was performed the prices obviously included and the number of jobs would be also presented for each rental unit and again we will see the total amount of the revenue addi in that each piece of equipment has generated for us the unbuild revenue report this is a good report to have and understand how much unbilled revenue we have as of right now it's it has a lot of filters in it it can be configured to show the cap days it can be configured to show the missed days of the rental periods it can include rental break nodes and it can include or just not include the cap days that themselves the report will show you the revenue unbuild revenue divided by the class divisions locations etc and again we will have the grand total amount of the unbuilt revenue that we are supposed to build to our clients all right thank you very much our sin that was really great because the report reports module in the rigor is pretty comprehensive so it covers almost all the parts of your operation activities and accounting and sometimes even HR purposes so please if you use your gear go go into this module and explore different kind of free reports if you need some kind of customization or some changes on the reports or you have something specific in your case so we can customize the report for you specifically or just develop a new one that will be helpful and useful for all the clients all right so now let's move on and talk about a little bit about the best practices that we've seen in our implementation projects based on our more than 50 projects implemented during the past years a few past years so and the first real life scenario that I'd like to share with you that I just seen on my one of my implementation project was so i-i've just took two invoices when we were talking with a client I would like to see those invoices in rigor and I just did a simple check on the figures on that invoices and I found out that on why invoice the accountant just calculated the day's rental days not correctly so it was just manual error in the calculation and it led to the rental fee under understated on the invoice so it meant that the company lost some amount of money on just a simple error in the calculation of the rental days the second invoice that - I know that the there was a calculation error of the rental fees again based on the different times different period of times that equipment stated allocation and there are there were multiple movements of the equipment and the invoice was understated on one thousand dollars it was almost ten percent out of the total amount of the invoice so with these two simplest cases we saw that these manual generation of the invoices either it can be done in Excel or sometimes companies use QuickBooks system or sage application to invoice their customers and those systems does some kind of calculation for the for the user but again since it allows you to do pretty much everything manually you may appear and you may get to these some problems with correct calculation and also it takes a lot of time to calculate manually all the fees and services so your system does this for you automatically and these significant or significantly reduces the risk of under their statements on the invoices so one of the main recommendation with that we can give based on our experience is to use the system in the way that is designed it it means that you need to follow the certain procedure in order to have think which is generated properly and calculate it correctly so we usually suggest to put this the prices correctly on the rental service agreement because again as I have said previously it's the main source of the prices for the job and for the invoice so invoices are taking prices from the rental service agreements now all your movements and rental days and service Fisk provided with quantities of its services are attract with the delivery tickets so once the sales depart and sales guys and field technicians have completed their job correctly meaning filled in filled out the rental service agreement and deliberate tickets correctly and with the proper time I mean with the proper days then the job of the accountant is pretty simple it's just to generate invoice and check all the details send the print form of the invoice to the customer and collect money so again the recommendation is to take and put much intention to each part of this puzzle and just to do the things properly now the you may have a question that how we can avoid the duplication of the enterings of information in different system and for this purpose we have built integration of regular application with accounting packages the biggest one are the biggest ones are QuickBooks both desktop and online applications safe system and this year we have built an integration with Microsoft Dynamics 365 or sometimes people call it business central so you can exchange the information between those two systems but usually how accountants use these integration there they generated and invoices in rigueur system because it has all the information and required for the invoices and they they just send invoices from rigor to their accounting system with a click of one button and all the information flows seamlessly into the accounting software in case of the grid moves online a version of the application we can exchange information in a two ways so we can extract and get the information from the grade book system or we can send it to the accounting system from rigor now we are also able to send invoices to the electronic billing systems like open invoice and core-tex again rigor allows you to select a particular invoices for certain period of time and send this these invoices to the billing systems pretty seamlessly with the click of a submit button so you will see your invoices in a few seconds in these electronic billing systems so this is very helpful and saves just lots of time for the accountants not to do manual work but just to transfer information and check all the details and you are ready to go with the collecting of you already all right so that is pretty much everything if you have any questions left you are very welcome to submit it to us right now and we'll be happy to answer them yes I can see you questions are coming the first one is can I be adjusted if there is an error in it basically yes definitely you can adjust the invoice by deleting some kind of services from it or changing the dates on the invoice for the rental we put but we strongly recommend to adjust the tickets first and the rental service agreement first before you start changing the invoice because as I already said all the information appears on the invoice based on the information in tickets and rental service agreement so again the strong recommendation is to take a look at the tickets adjust the information on the tickets and then regenerate invoice so it captures everything correctly and you don't need to do any manual entering in the invoice next question is do we need to send invoices to clients from rigueur or QuickBooks both those options are available you can do whatever fits your needs more so but again we usually would recommend to send invoices from rigor because invoicing rigor can have much more information on it rather than QuickBooks system because all the operation details are stored in the rigor application so we can also customize a print form of the invoice that you send to your customers and give you an ability to send this invoice pretty easily just click of one button and rigor in mail and all the information about the recipient meaning his email and name will appear on your email client applications so and they attached a copy of the electronic invoice the copy of electronic invoice will be attached to this email so you just send it to your customer you don't need to do any you know about entering in the QuickBooks in order to send it to your customers so this option is available to you from rigor as well okay thank you there is no more questions for now but anyway if you have any questions after the webinar you can contact us by email or by phone or by filling in a form on our side just write us any questions you may arise and you will get the copy of the recording also tomorrow of this webinar and you could check it once again and I would like to mention that recruit team is today in Oklahoma exhibiting at Oklahoma oil and gas export made in meeting all clients making new clients and what is most exciting they are presenting the new version of rigorous its rigorous 7.0 Oklahoma City yes that's actually great news and I'm happy to share it with you because you're the first who who knows this and next week on October 17 at the same time we'll be sharing the presentation about our rigor 7.0 Oklahoma City version so there are lots of different lots of new features new reports and new capabilities of the system presented so please join in the East webinar we will be happy to share this information with you and after that we will be starting to deploy with a new version to our clients so you can be amongst the first clients that that will get this new version and we will be doing and a separate training on a new versions so please welcome and join us next week at 1 p.m. Central Time or 12:00 p.m. mountain time all right on that note I would like to thank you all for being here with us today and thank you for your questions still if you have any other questions on you or you'd like to get some kind of specific consultation or just an advice please give us a shout you can reach us at the on our website you can call us and you can send us email so we are pretty responsive and we'll be happy to assist with your operations in rigor thank you see you next week bye bye