8. How can I modify certain parameters that will impact invoicing during projects?

a. Change in project invoicing terms

During the course of the project, the billing methods sometimes change. Like what:

• The customer's billing address changes. The billing entity can be changed for reasons internal to the customer.
• Payment terms are renegotiated and need to be updated
• The deadlines are modified, so the progress of the invoicing can be readjusted

All these changes must be properly updated in the project monitoring to avoid mistakes and the risk of making too many credits.

b. Adding a Purchase Order to the Project

During the implementation of projects, it is common for the client to ask to extend the project or to add tasks in addition to what was initially agreed. The client then issues a new purchase order for this project, which is added to the existing one(s).

The reconciliation between purchase orders and invoices is imperative because theoretically there should be no discrepancies at the end of the project. It is therefore necessary to establish a precise follow-up and take into account any addition of purchase orders.

The 9 problems of project invoicing and how does Stafiz help you solve them?

1. How do I estimate the costs, prices, and billing type for a billable project?

2. How to manage the risks of project overruns ?

3. How to get paid faster by customers?

4. How to manage complex billing arrangements

5. How do I account for tax invoicing and multi-currency invoicing?

6. How to manage invoicing between different entities of the same company (intercompany flows)

7. How to simplify communication with customers?

8. How can I modify certain parameters that will impact invoicing during projects?

9. How do I set up a project quoting and invoicing tool?

The 9 problems of project invoicing