Use you previously billed data to automatically calculate the fees for the current project progress.
Video Walkthrough
Written Guide
Calculating the difference in phase progress from what was previously billed can be complicated. We've introduced the ability to simply subtract what was previously billed so you only need to know the current progress of each stage of your projects.
Utilising the 'Less Phase Previously Billed' Option
To use this new feature, go to the '+Add Line Item' button, locate and select the 'Less Phase Previously Billed' option.
It also automatically subtracts any amount previously billed for that phase. This new item aims to streamline your phase progress calculations.
Implementing 'Less Project Previously Billed' for the whole Project
Like the phase level, we've also introduced a similar feature at the project level to make tracking project progress simpler. This feature comes into play when you're halfway through the project, for instance, at 50% completion. By selecting the 'Less Project Previously Billed' option, the system will calculate the fees needed to reach the current stage of the project's progress.
Some practices may peg their billing based off the entire project progress in order to avoid conflicts around price adjustments with previous phases. Crucially, this option conceals the phase information, eliminating the need for you to explain why you're billing for a stage that's already been completed.
