Improve Your Liquidity with Clear Routines

Here is TIP #4 of 6: 

 

Efficient invoicing is crucial for a project’s financial health, especially when liquidity is tight. That’s why it’s essential to quickly generate accurate billing documentation.

With Project Office, you get a complete overview of all project-related costs and worked hours. Every time report and material transaction automatically generates a billing document that you can review and approve for invoicing. Having all the information in one place avoids the hassle of searching through various systems and files, minimizing the risk of missing billable hours, costs, or markups.

By integrating Project Office with your accounting system, you can invoice with just a few clicks, saving time and reducing the risk of errors.

We recommend establishing routines for invoicing and ensuring that all consultants register their time daily. A daily time reporting routine ensures that no worked time is forgotten, allowing you to invoice continuously. Remember: Tomorrow you’ll have forgotten what you did yesterday, so by having daily time reporting routines, you are on the right track to invoice every day!

Want to learn more about working more efficiently?