Many companies that conduct project business moan about the effort that regularly occurs when regular project invoicing is due. What conditions were agreed? What has been done? What can be invoiced? Has everything been authorised? Are all the travel receipts there? and and and
Integrated project accounting
An essential function of integrated project management, such as MariProject for SAP Business One, can help to significantly minimise the effort involved in project billing.
This starts with the recording. Service data, consumed items and travelling expenses only need to be entered into the system once.
MariProject on the basis of SAP Business One
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Everything then ends up with the responsible project manager for approval. Once approved, the services are invoiced in accordance with the conditions set out in the corresponding contract. This can be done according to the various types of project billing, such as: on a time and material basis, at a fixed price, by Deposit, with phase reference, with commissions, etc.
It goes without saying that this can be done in different currencies at the current exchange rates, as is usual in SAP Business One.
An important detail is that in MariProject also handling of Work in Progress (WIP) according to IAS / US-GAAP.
But customers are not the only ones who can be invoiced. Internal activity allocation (ILV) can also be controlled via the SAP Business One extension.
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