Project reports need to have the option to track customer payments and outstanding invoices, both by a customer and to suppliers.
Xero Projects needs a more complete financial reporting view that brings together project revenue, costs and the payment status of the underlying transactions.
For each project, users should be able to report on:
Customer invoices, payments received and outstanding balances
Supplier bills, payments made and outstanding balances
Part-paid invoices and bills
Total amounts owing by customer and supplier
Drill-down to the original invoice, bill and payment transactions
At present, project reporting does not provide a sufficiently complete view of the cash and outstanding financial position of a project. Users may need to move between Projects and other Xero reports to establish what has been invoiced, collected, paid and remains outstanding.
For project-based businesses, particularly those managing a high volume of bookings or supplier costs, this information is fundamental to managing cash flow, project profitability and outstanding commitments.
Maggie Curtis
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