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Progress billing enables you to generate the cash flow you need to successfully run your operations. Manage the billing process for larger capital equipment jobs and/or projects with longer lead times. Whether you choose to invoice on criteria such as date, time spent, and/or material used by job, the Made2Manage progress billing system will give you the flexibility you need.
You can select the type of progress billing you need for each job. Options include periodic, time and material, and percentage complete. Depending on your needs, you can choose to recognize the revenue immediately, or use an unearned revenue account to hold payments until shipment.
The reporting features within the progress billing application display the costs of the sales order line item, periodic billing criteria, total sales order line item, total billed, future billings and dates, and total costs to date - so you can get the information you need quickly and effectively.
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