Progress invoices are basically ordinary invoices that can be created for services rendered under the terms of a contract. Billomat therefore does not provide a separate template.
Progress invoices (first, second, third, etc.)
- Unlimited numbers of progress invoices can be created until the project is completed with a final invoice.
Hint: If more than one progress invoice will be used, it is advised to name the progress invoices “first progress invoice,” “second progress invoice,” etc.
- Important: The payment date needs to be included in the invoice (a detailed description may be added as an attachment).
- Insert items:
- Insert a description of a contract, possibly including a reference to the total amount of the contract and the amount due as part of the progress invoice.
- The second progress invoice:
- the amount due as part of the contract is entered
- any payments already received are deducted
- At the end, the balance for the progress invoice is calculated for this performance phase of the contract.
A final invoice needs to be raised for all processes using progress invoices, whereby the terminology used here is flexible .
- All progress and final invoices are created with individual (sequential) numbers automatically set by Billomat.
- Insert positions:
- Insert total amount of the project.
- Deduct all progress invoices and payments received (including invoice number and date of payment). To deduct an amount, set the deposits with a minus sign in front of the amount. These payments will be deducted from the total amount, with only the outstanding balance remaining.
- The outstanding balance is listed at the bottom.
The default template does not replace the wording “invoice” with “progress invoice.” It is possible to show a warning about the fact that this is an interim invoice in the introductory text. With a word template (under “own templates”), you may create customized progress invoices and final account templates for use with any progress invoices.