# Set Action Locking & Payment Scheduling Periods

A template term's *action locking period* is the time between when an action is tracked by impact.com and when it locks (or can no longer be updated). During this period, you should perform any necessary action modifications or reversals, since the action can't be updated once this period has passed.

A template term's *payment scheduling period* is the amount of time between when an action locks and when the partner is paid out for driving the action. During this period, you should ensure that your account has enough funds to cover both the amount recorded on the Statement of Invoices (SOI) and any impact.com invoices.

1. From the top navigation bar, select ![](https://4048883401-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwMLlMoFBtKJa8ptd3zaw%2Fuploads%2Fgit-blob-1183576591b45997efe4dc81a25024640591d02a%2F245137dc972a7a7f6165b59538fcdbac8fd5bd8fee4ba9f20c1a2982c5b58b57.svg?alt=media) **\[User profile] → Settings**.
2. In the left column, under *General*, select **Template Term Rules**.
3. In the *Rule Enforcement* section, select the ![](https://4048883401-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwMLlMoFBtKJa8ptd3zaw%2Fuploads%2Fgit-blob-b5e1740618ed6571d97b8fed7c25a7678f85d375%2F299632fb6f4f91fbf9847471754cc6180e4284a65b4960af4c4ea472a159f552.svg?alt=media) **\[unchecked box]** below **Application of the rules**.
4. In the *Template Term* section, ![](https://4048883401-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwMLlMoFBtKJa8ptd3zaw%2Fuploads%2Fgit-blob-d0b6669ae76a7bef06a8d6940d7ad5c16bb8d018%2F7cb018d4face8d7cceb880eb5086c812e764fbcfe6f2a0377f88bc7576973070.svg?alt=media) **\[Toggle on]** **Action Locking** and configure the setting as needed.
   * In this example, the setting is configured to `Actions are locked 0 months and 27 days after the end of the month`:
5. Next, ![](https://4048883401-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwMLlMoFBtKJa8ptd3zaw%2Fuploads%2Fgit-blob-d0b6669ae76a7bef06a8d6940d7ad5c16bb8d018%2F7cb018d4face8d7cceb880eb5086c812e764fbcfe6f2a0377f88bc7576973070.svg?alt=media) **\[Toggle on]** **Payment Scheduling** and configure the setting as needed.
   * In this example, the setting is configured to `Actions are paid 0 months and 20 days after the end of the month they lock`:
6. Select **Save**.

{% hint style="info" %}
**Example**:

If you configured your action locking and payment scheduling periods as shown above, and your partners drove actions during the month of January, all actions will lock on 28 February. Come 2 March, you'll receive an SOI from impact.com tallying up all partner invoices. At this point, you should begin the process to fund your account sufficiently to cover these invoices *and* your impact.com invoice. Finally, your account will be debited on 20 March so that your partners can be paid.

{% endhint %}