Billing
Last updated
Last updated
Billing periods are associated with each product line item on a project. Billing periods generally correspond to the billing frequency of the product as well as the duration of the project. For example, a product with a monthly billing frequency on a one-year project would have 12 billing periods.
The core billing summary for the organization is visible at the top of your projects page:
The billing summary across projects is instantly filterable using the filters available on the project list, including by customer, by project, or by status.
Billing summaries are broken down across four categories:
Billed and paid - total of all billing amounts for periods that have already been billed and have already been paid
Billed but unpaid - total of all billing amounts for periods that have already been billed but have not yet been marked paid
Billable but unbilled - total of all billing amounts for periods that have passed (the period date is before today) but have not yet been billed
Not yet billable - total of all billing amounts for periods that have not yet passed (the period date is after today) and have not yet been billed
A comprehensive overview of your billing periods and the ability to filter and act on multiple billing periods at once is useful for accounts receivable (A/R) purposes. For (A/R) purposes, billing periods should be viewed and updated through the billing reports interface. This provides a much more robust way to filter and update billing information based on the billing date, customer, project, product, or other aggregate characteristics.
If you are looking to manage invoices and reconcile payment records from third-party billing or payment systems, you should use the billing reports interface instead of updating product line items individually.
Billings are also reportable for an individual customer on the or an individual project on the .