Enter a final bill without work-in-process
You can use an adjustment entry to bill a client when no work-in-process (WIP) has been entered and one won't be entered in the future.
- The adjustment entry records a billing transaction.
- It also creates a positive WIP adjustment for the amount of the billing.
- The result is that accounts receivable is recorded for the client without the need for current (or future) WIP.
Do the following to create an adjustment entry to enter a final bill without WIP:
- SelectActions, thenBilling.
- Select the client you want to bill.If zero-balance clients aren't displayed, clear thePositive WIPandNegative WIPcheckboxes.
- SelectDetail Bill Selected.
- Go to either theSummarytab or theTime & Expensestab, and then right-click and selectAdd Adjustment Entry.
- Fill in theEngagement,Project,Activity,Staff, andAmountfields, and then selectOK.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.
- If you want to print the invoice, go to theComposetab and edit the text that will show on the invoice.
- SelectSave.
