Invoice Workflow Example - Progress/Milestone Invoicing
Created by: Michael Davis
Modified on: Tue, 22 Jun, 2021 at 9:56 AM
WorkGuru has a very flexible invoicing functionality to suit any invoicing workflows. This is an example of invoicing based on progress or milestones This best suits invoicing which is determined by contracted project deliverables, claims, phases or milestones. The actual time worked would help determine the amount that can be claimed but not invoiced directly.
- From the project's Quick Actions menu, click on Quick Invoice.
- From the quick invoice details screen, fill in the following fields:
- Invoice Number - Assign an invoice number or leave blank to assign automatically.
- Client Purchase Order - Client PO number/reference. If needs to be added/edited, edit the project.
- Description - Update the invoice description if required. This is an invoice specific description for display on the invoice template. It will also default to the project number and name, this will display on the first line of the imported invoice in Xero.
- Reference - Enter an invoice reference, such as a claim number.
- Date - Issue date
- DueDate - Invoice due date.
- Invoice type - Custom Amount - based on the amount you want to claim in the progress invoice, enter either the number of hours in the Qty, dollar amount in the This Invoice or percentage of forecast in the % columns. The quick invoice screen will let you know what the current actuals are on each task in the Actual/Forecast columns to assist a project manager in determining what to invoice.
- Review the invoice's tax sub total and total amount. Tax settings on each line item can be confirmed by clicking on the blue "+" icon to dropdown.
- Click Save Invoice to create a draft invoice.
- Review the draft invoice and if correct, click Approve and Email to Client or Print to create a PDF to send to the customer. The Invoice is now ready to be imported to Xero via the Xero dashboard Accounting -> Xero
- When it is time to raise the next progress invoice, the quick invoice detail screen will now display the progress balance to help the project manager determine the next amount to invoice.
- Actual/Forecast - Current timesheets submitted to the task.
- Invoiced Hrs - How many of the forecast hours have been invoiced.
- Invoiced/Quoted - Dollar amount and percentage invoiced vs forecast. You can see the tasks that have been fully invoiced. Note: WorkGuru will allow you to invoice more than 100% at your discretion.
- Enter either the number of hours in the Qty, dollar amount in the This Invoice or percentage of forecast in the % columns you would like to invoice in the next progress invoice.
- When printing the progress invoice, WorkGuru provides a specific template for this type of invoicing (attached to this article below). This document template allows you to customise the display the task line items in the style of a claim form. The following fields specific to the progress style invoice available in addition to the normal invoice template fields:
- Agreed Value - Forecast/Quoted task amount
- % Complete - Total percentage complete before this invoice based on total invoiced amount vs forecast/quoted.
- % Claim - Percentage claimed on this invoice
- Value Claimed - Dollar amount claimed on this invoice
- Balance Remaining - Amount remaining to claim (Forecast/Quoted amount - Invoiced Amount), including this invoice.
- The progress invoices are now available in the project details page in the Invoices tab
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