23/04/2026
2 minutes
Flowtly Editorial Team
Contracts
Contracts in Flowtly define the financial terms of your engagements — linking a budget to a structured set of payment schedule lines. Each contract specifies when payments are due, their amounts, and the direction (supplier invoice or client billing), giving you full visibility over committed cash flows.
Key concepts
- Payment schedule lines — individual line items defining amount, due date, and payment direction (supplier or client)
- Budget linkage — a contract is always attached to a budget, which acts as the financial envelope for the engagement
- Direction — supplier contracts track costs you owe; client contracts track revenue you expect to receive
- Recurring schedule generation — contracts can generate recurring payment lines automatically based on a defined interval
- Document attachments — attach signed contract files, amendments, or supporting documents directly to the contract record
Example use cases
- Fixed-fee project billing: Create a client contract with monthly payment milestones linked to a project budget, so you always know what is invoiced and what remains.
- Vendor retainer: Set up a supplier contract with recurring monthly lines for a software licence or consultancy retainer — Flowtly generates the lines and flags overdue payments.
- Subcontractor payments: Link a supplier contract to a project budget to track subcontractor costs against the planned spend and ensure no line exceeds the budget ceiling.
