Processing Billing Invoices One at a Time
Use Interactive Billing to review invoices one at a time by project, modify the transactions to be billed, update the percentage complete for fee-based projects, and generate the final invoice.
You can hold, delete, write-off, and transfer labor, expense, and unit transactions as necessary. You update the percent complete before generating an invoice that is fee-based.
If you do not need to modify invoice content and want to generate multiple invoices at one time, use Batch Billing instead.
Multiple Companies
If you have multiple companies in Vantagepoint, lower levels of the work breakdown structure (phases, tasks) for any project may belong to different companies. During invoice processing, Vantagepoint includes for billing all of the projects owned by the active company. This is true even if the active company does not own all of the phases or tasks that belong to a project. For information, see Billing and Multiple Companies.
Multiple Currencies and Multiple Companies
If you have multiple companies and multiple currencies in Vantagepoint, it is possible that different elements of the work breakdown structure (projects, phases, and tasks) are owned by different companies in your enterprise, and that these elements have differing currencies. For information, see Billing and Multiple Currencies.
Employee Realization
When you use the Employee Realization reporting feature and you select invoice frequency, employee realization is calculation and allocated automatically when you create invoices in Interactive Billing or Batch Billing. For more information see Employee Realization in Interactive Billing and Batch Billing.
Approving Invoices
If you use an approval process for invoices, you can also submit invoices for approval and approve invoices in Interactive Billing. For more information, see Approving Invoices and Invoice Approvals and Interactive Billing.
- Related Topics:
- Checklist for Processing Invoices in Interactive Billing
Use this checklist to review the overall steps for creating one billing invoice at a time by project in Interactive Billing. - Determining the Transactions to Include on a Billing Invoice
In Interactive Billing, you choose which transactions to bill and which to hold, modify, insert, transfer, write off, or delete. - Determining the Fees to Include on a Billing Invoice
You can include fees on a billing invoice if a project has a fee method selected on the Fees tab in Billing Terms. Fee amounts can be based on various methods, such as overall percent complete, percent complete by phase, and cumulative unit or fee. - Working with Supporting Documents in Interactive Billing
In Interactive Billing, you can view, print, and email supporting documents that have been previously uploaded for the expenses that you are invoicing. You can also delete supporting documents and upload new supporting documents. - Assigning the Next Invoice Number
In Interactive Billing, you can change the next number that will be automatically assigned to an invoice or credit memo in Interactive Billing if Vantagepoint has been set up to allow users to change the next automatic invoice number. - Editing Invoices in a Third-Party Application
In Interactive Billing, you can download an invoice that was created by Vantagepoint to your workstation, edit it in third-party software, and then upload the edited invoice back into Vantagepoint. - Previewing and Printing Billing Invoices Before You Accept Them
You can preview and print an invoice in Interactive Billing at any time before you final accept it. - Accepting Final Invoices in Interactive Billing
In Interactive Billing you can individually final accept draft invoices for a project to make the invoice ready for posting and sending to clients. - Posting Final Billing Invoices in Interactive Billing
You have two options for posting billing invoices after you final accept them in Interactive Billing. - Printing Final Invoices
You have the option to automatically preview and then print billing invoices when you final accept them in Interactive Billing. - Emailing Invoices from Interactive Billing
You can send final accepted billing invoices and credit memos as email attachments on messages to project stakeholders. - Viewing and Reprinting Accepted Billing Invoices, Credit Memos, and Pre-Invoices
In Interactive Billing, you can view and reprint final accepted billing invoices, credit memos, and pre-invoices (if you use them) at any time. - Fields and Options
Use the fields and dialog boxes to process invoices and credit memos one at a time in Interactive Billing.