8. How can I modify certain parameters during the course of a project that will have an impact on invoicing?
Sometimes it's necessary to modify certain billing parameters while the project is underway. Here are the most frequent changes to expect:
1. How to estimate costs, prices and billing type for a billable project?
2. How to manage the risk of project overruns?
3. How can I get paid faster by my customers?
4. How to manage complex billing arrangements
5. How to handle tax billing and multi-currency invoicing?
6. How to manage invoicing between different entities within the same company (inter-company flows)?
7. How to simplify communication with customers?
8. How can I modify certain parameters during the course of a project that will have an impact on invoicing?
9. How can I set up a project quotation and invoicing tool?
a. Change in project invoicing terms
In the course of a project, invoicing terms may change. For example:
- The customer's billing address changes. The billing entity may be modified for internal customer reasons.
- Payment terms renegotiated and need updating
- Deadlines are modified, so billing progress can be readjusted
All these modifications must be correctly updated in the project tracking system to avoid errors and the risk of making too many assets.
b. Add a purchase order to the project
During the course of a project, the customer often asks to extend the project, or to add tasks over and above those initially agreed. The customer then issues a new purchase order for this project, in addition to the existing one(s).
The reconciliation of purchase orders and invoices is imperative, as theoretically there should be no discrepancies at the end of the project. It is therefore essential to establish a precise follow-up and to take into account any new purchase orders.
The 9 problems of project invoicing and how Stafiz can help you solve them?
1. How do you estimate costs, prices and billing type for a billable project?
2. How to manage the risk of project overruns?
3. How can I get paid faster by my customers?
4. How to manage complex billing arrangements
5. How do you handle tax billing and multi-currency billing?
6. How to manage invoicing between different entities within the same company (inter-company flows)
7. How can we simplify communication with our customers?
9. How do I set up a project quotation and invoicing tool?
