The construction industry usually provides contractually agreed services over a longer period of time. The client is often issued partial and partial invoices. The final costs are then settled with the final invoice. With this final document, all outstanding claims for a project are settled, taking into account the instalments already paid. A prerequisite for a final invoice is that invoices for progress payments or invoices on account have been issued beforehand.
Read MoreApply partial invoices and partial invoices correctly
There are small but significant differences between a progress bill and a partial bill. Companies must therefore be careful when handling these types of invoices. Especially sectors such as plant construction or the building industry are affected by this. It's good when software provides support.
Read MoreProject accounting with MariProject for SAP Business One
Many companies that run a project business moan about the effort that regularly occurs when customer projects are billed. What conditions were agreed? What has been done? What can be billed? Has everything been released? Are all travel receipts there? and and and
Here, integrated project management, such as MariProject for SAP Business One, can help to minimise the effort considerably.