Billing

Entering a final bill without WIP

An adjustment entry enables you to bill a client when no work-in-process (WIP) has been entered and none will be entered in the future for an invoice. The adjustment entry records a billing transaction and also creates a positive WIP adjustment for the amount of the billing. The result of this process is that accounts receivable is recorded for the client, but without the need for current (or future) WIP.
To create an adjustment entry as a means of entering a final bill without WIP, follow these steps.
  1. Choose
    Actions
     >
    Billing
     and select the client whom you would like to bill.
    note
    If zero-balance clients are not displayed, unmark the
    Positive WIP
     and
    Negative WIP
     checkboxes.
  2. Select the
    Detail Bill Selected
     button.
  3. On either the Summary tab or the Time & Expenses tab, right-click and choose
    Add Adjustment Entry
    .
  4. In the
    Adjustment Entries
     dialog, fill in the
    Engagement
    ,
    Project
     (if applicable),
    Activity
    ,
    Staff
    , and
    Amount
     fields, and select
    OK
    . The values entered will be used to record the billing and WIP adjustment transactions for firm management purposes. In other words, the staff member and activity entered will receive the allocation / credit for the billing and adjustments.
  5. If you will be printing an invoice, go to the Compose tab to edit the text that will be displayed on the invoice.
  6. Select
    Save
     to save the invoice.

This article applies to:

  • Product: DT Practice