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The following people can make adjustments:
- Users with the cost center permission Create and Approve Invoices
- PMs for all projects on the invoice
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Column | Description |
|---|---|
Number of Time Cards Selected | The quantity of card(s) selected for modification |
Hours | The total hours across the selected time cards |
Contract Amount | The contract rate is your negotiated rate. The contract rate may be updated if your negotiated rates have changed since the project was created. |
Contract Rate | The contract amount divided by the hours on the time cards |
Pre-invoice | The monetary value of modifications made via Pre-invoicing Adjustments |
Invoice | The monetary value of modifications made via the Invoice Editor MP (where you are right now) |
Write-up % | The percentage of the modifications, which is computed by the total write-up amount divided by the contract amount. |
Billing Adjusted Amount | This is the amount that the client will get billed. It is the sum of the contract rate plus any adjustments. |
Billing Adjusted Rate | The billing adjusted amount divided by the hours |
Currency | The currency of the time cards |
Explanation | Explain why the change was made. This could be important if you execute an audit down the road and wish to recall why certain changes were made. |
Set Approvals For | Optionally set finance and project manager approval if you have sufficient permissions |
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Daily billing allows you to round hours to a whole day and invoice for that day. For example, if you worked four hours, but your minimum billing is for one full day. The bill will be adjusted up from four to eight hours. This adjustment is only available if you are billing by the day as specified on the invoice tab. You should choose an invoice template that is customized to show daily billing. To learn more about daily billing see Hourly vs. Daily Billing.
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