Add new WIP to an existing invoice
In other accounting management software, you can allocate WIP to a previously posted invoice. This is a really handy feature which prevents WIP being written off if a job has already been invoiced and no further invoices will be raised.
It helps with budgeting and KPI's (preventing WIP writeoff).
There are enough times when it has been needed, e.g. after a job has been completed and invoiced, and new information comes to light requiring a re-work.
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Freya Pieroz commented
We frequently find that we'll need to invoice for services as soon as the job is finished, before payroll and contractor payments are due. For example, if a client is being billed monthly, timesheets are received weekly, and payroll and contractor payments are fortnightly, then I'll want to invoice for January 2025 on the 3rd of February, that being the first business day after EOM, but the payroll/contractor fortnight ends on the 9th and the workers will get paid on the 10th or 11th. I don't want to delay invoicing and therefore delay receiving money any longer than I have to, in order to keep cashflow flowing, but if I wait until the WIP is billed then I have to.
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Mollie Brown commented
In other accounting management software, you can allocate WIP to a previously posted invoice. This is a really handy feature which prevents WIP being written off if a job has already been invoiced and no further invoices will be raised.
It helps with budgeting and KPI's (preventing WIP writeoff).
There are enough times when it has been needed, e.g. after a job has been completed and invoiced, and new information comes to light requiring a re-work.