In the past, we have typically issued invoices in the first week of a new month. This was not the best approach, as we invoiced based on estimates rather than actuals (the actual costs incurred). We have now transitioned to invoicing twice for a particular month's payroll.
The Company will receive invoice #1, the Payroll Pre-funding invoice, on the 10th day of every month. Instead of due upon receipt, you will have 7 days (until the 17th of the month) to make payment. If the 10th of the month falls on a weekend or holiday, it will be sent on the next business day and the payment due date will be adjusted accordingly.
The second invoice, the Reconciliation invoice, will be sent after the end of the month, normally between the 1st and 5th of the following month. If there is a charge (additional costs incurred) on the reconciliation invoice, payment is due 7 days after you receive it.