Project Billing Checklist

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Project billing may require such items:

• Customer Contract (with all billing configuration documented);
• Project Budget (based upon the contract terms);
• Project Expenditures (derived from estimations);
• Project Work/Time Tracking methods;
• Project Costs Tracking methods;
• Billing, Invoice Generation methods;
• Accounts Receivable;

Get prepared for project billing:

• Agree with the customers upon the project billing methods (billable hours, materials + markup, percentage of completion, fixed price, quantifiable services, etc) and formulate them in contacts;
• Compose a bill plan to incorporate timeline of billing events, and define lines to be billed;
• Identify the project billing methods and cycles as they are defined in your customer agreements and contracts to fund your project activities with amounts limited by those agreements;
• Introduce the accepted project billing rules, billing cycles, and billing schedules to all concerned team members;
• Set distribution rule to define the revenue accrual method;
• Specify the project billing currency and conversion attributes;
• Collect, approve and record information on the project customers and their contacts – especially representatives with whom you have immediately negotiated and contracted the project work;
• Create and accept your invoice templates (format of invoices to bill the customers and supplies) – consider what items and information should be included there;

Manage project billing:

• Track specific project tasks to update and monitor any monetary transactions, such as connected to contracted expenses and incidental costs;
• Evaluate the worth of progress achieved on the project to derive percentage of completion;
• Bill the customers every month (or as suitable to your billing cycles) for billable work: schedule client invoicing in advance, and track ongoing collection of billed amounts;
• Bill for costs incurred on a project according to predefined billing rules and boundaries – aspire to consolidate multiple charges into a single bill (materials, work, etc);
• Control billable efforts.....

Order 750 checklists in MS Word and PDF printable format at $49.99 USD only.

BUY NOW!

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