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Invoices

Invoices are used to bill clients for work performed.

There are six types of invoices:

Interim Invoices from WIP
Final Invoices from WIP
Miscellaneous Invoices
Interest Invoices
Proposed Invoices
Recurring Invoices

Interim Invoices from WIP are used to generate invoices without relieving any time or expenses from WIP. They are useful if it is time to perform month end billing but the staff have not entered their time or expenses into Time yet. Therefore, there is no time or expenses in the System to bill. Issue an interim invoice and once the time sheets are in, modify the Interim Invoice to a Final Invoice and bill the time or expenses accordingly.

Final Invoices from WIP are used to relieve time or expenses from WIP while Miscellaneous Invoices are used to bill clients outside of WIP (i.e., when there are no time or expense entries from which to bill the client). Interest invoices are used to charge clients for overdue invoices.

Proposed Invoices are normally created for review and approval purposes only. Once approved, a proposed invoice can be changed to an interim or final invoice.

Use recurring invoices to do batch billing for charges incurred on a regular basis. The setup allows several clients to be billed for the same periodic charge without having to set up several different recurring invoices. When processed, the invoices are recorded in the Billings from WIP as interim invoices. From there they can be finalized as with any other interim invoice.

The WIP vs. A/R chart is an excellent example of how these types of invoices affect reporting. Show me

The Invoice Type chart is another example of which databases store the different types of invoices.