Name of Feature/Request: “Work in Progress” or “Unbilled Billable” to accumulate AR for future Bills
What financial, time savings, or quality of life improvements will occur from this: : To have an “Unbilled Billable” for T&E for sales that are to be invoiced in the future so the AR matches the time period of when the Invoice needs to occur and not months in advance to clear the queue. | Frequency: Daily | We have contracts that are lump sum, progress or future bill. We enter time against the contracts as we go along that generates an entry that can be used to directly create an invoice = very nice for our monthly bills. The issue is with the time entries that accrue on contracts that we cannot bill. The entries muddle the report and, since we cannot invoice them we miss the total value of effort expended against the budget. Here is the “generate time and materials invoice” report and an invoice that was created directly from this process. The workflow only allows generation of an invoice to clear the time entry. This generates a receivable that muddies the AR statement for the customer. Ideally, I generate an invoice that can be put on hold or something. It should generate revenue for the period (i think, since the effort was in that period) but not a receivable since the customer cannot be billed yet per the contract. We would then bill the invoice when the time is right.
Attempted Solutions So Far: Creating the Invoice and turning it into a Credit Memo
Digging deep - Any additional Why behind this request / How was this accomplished before Striven in what system or software: Original Description: : We have contracts that are lump sum, progress or future bill. We enter time against the contracts as we go along that generates an entry that can be used to directly create an invoice = very nice for our monthly bills. The issue is with the time entries that accrue on contracts that we cannot bill. The entries muddle the report and, since we cannot invoice them we miss the total value of effort expended against the budget. Here is the “generate time and materials invoice” report and an invoice that was created directly from this process. The workflow only allows generation of an invoice to clear the time entry. This generates a receivable that muddies the AR statement for the customer. Ideally, I generate an invoice that can be put on hold or something. It should generate revenue for the period (i think, since the effort was in that period) but not a receivable since the customer cannot be billed yet per the contract. We would then bill the invoice when the time is right. | Previously accomplished: Letting them sit in the T&E page
StrivenID: 5723902