Applications and invoices for construction company
Have the ability to post a application before the invoice is received.
Danielle Spencer
shared this idea
Hi Danielle, when you say you'd like to post an application. Could quotes potentially be a fit for this purpose here? Otherwise could you share a bit more detail on what would be needed to record the application in Xero.
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Alicia Calver
commented
Yes this would be really beneficial. An application includes 'Cumulative application', 'Previous Application' and 'This Application' totals, so all 3 of those would need to be available when raising an application (software with project tracking pre-fill this but this could be manual entry). No VAT is accounted for until the application total is agreed and payment is made which can be in a different month to when the application was raised/work was complete which is why it is difficult for those within the construction industry to manage without supporting software.
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Danielle Spencer
commented
No quotes wouldn't work for this.
It's the stage before we receive the bill from the contractor (supplier). The contractor is applying for a value (the application), but when the invoice comes through the value may change, so we don't want to process as an invoice, but would still need to be on the system to be reviewed before the invoice is received and goes through as approved.