8. How can certain parameters be modified during projects that will impact invoicing?

a. Change in project invoicing terms

During the project, invoicing terms may change. For example :

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

All these modifications must be correctly updated during project monitoring to avoid errors and the risks of making too many credits.

b. Adding a purchase order to the project

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

Reconciliation between purchase orders and invoices is imperative because theoretically there should no longer be any discrepancies at the end of the project. It is therefore necessary to establish precise monitoring and take into account any addition to the purchase order.

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

1. How to estimate 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 to take into account the invoicing of taxes? and multi-currency billing?

6. How to manage invoicing between different entities of the same company (interco flow)

7. How to simplify communication with customers?

8. How can certain parameters be modified during projects that will impact invoicing?

9. How to set up a project quote and invoicing tool?

The 9 problems of project invoicing