The time@work Invoicing Module is a highly configurable and flexible billing engine which is designed to handle the many different invoice types and professional services billing scenarios:
Invoices based on time and materials accumulated from timesheets and expense forms.
‘Fixed price’ invoices based on dates or Project/Task milestones.
Period invoices based on Annual, Monthly, Accounting or Timesheet Periods.
Ad-hoc invoices for payment in advance with the option of subsequent allocation of Work in Progress.
Ad-hoc Credit Notes.
Full or partial Invoice Reversals (with release of Work in Progress).
Multiple billing for automated Work in Progress billing.
Optional separation or combination of Timesheet and Expenses.
Optional automatic revaluation with manual exchange rate override.
Opportunities for deferment of chosen work in progress.
Optional discounting of chosen work in progress.
Optional entry of additional invoice lines.
Multiple invoice formats.
Four separate dates can be tracked (Invoice Date, Due Date, Tax Date and Other Date).
Optional addition of invoice text.
Export to accounting.
Unlimited Invoice Sequences (and optional separate sequences for Credit Notes).
Flexible definition of Invoice Worksheets enabling the presentation of appropriate data during invoicing.
Optional Invoice Approval and Review workflow (with optional email notification).
Invoice Status reports.
Full reporting on discounts from Work in Progress value through the use of balancing entries for Timesheets, Expenses, Invoices and Discounts.