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Field | Description |
|---|---|
Time | The client amount of all time cards on this invoice. To view details visit the time card review tab. |
Cost | The client amount of all cost cards on this invoice. To view details visit the cost card review tab. |
Milestone payments | Client amount for milestone, as specified on the Milestones tab |
Taxes | Choose a tax type to apply to this invoice. Projector will compute the amount. |
Gross invoice amount | The client total of time, cost, milestones and taxes |
Prepayments | For each contract line item (CLI) on this invoice, a row is shown along with the Available Balance. Prepayment balances are per CLI and cannot be used to cover other engagements. T&M / NTE - The balance can be used to pay all or a portion of the invoice. Enter an amount in the Applied Prepayment field to do this. This applied prepayment amount may not exceed the available balance or the invoice total. To create a prepayment balance, see our Creating a Pre-Payment Invoice Prepayment Invoices article. FP - For Fixed Price contracts this area isn't used. It merely reflects your deferred revenue balance based on revenue recognized and invoiced milestones up to the invoice date. If you see a negative balance here, it is because recognized revenue exceeds invoiced milestones. The descriptors above apply in most cases. The one case where it ends up not being completely accurate is when you run revenue recognition on a T&M or NTE engagement. In these cases, the revenue recognition process is going to alter your deferred revenue balance. So you may see a prepayment balance due to rev rec or even a negative prepayment balance if your revenue recognition exceeds your invoiced time cards. |
Net invoice amount | The grand total of the invoice and the amount the client is expected to pay |
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