To manage the billing process for larger capital equipment jobs and/or projects with longer lead times, M2M ERP offers progress billing. With progress billing, you can divide a bill into separate increments and still be able to track the whole process, report and invoice. In addition, the progress billing feature allows you to:
Generate needed cash flow without having to recognize revenue or perform work-arounds within the normal billing system.
Choose how to bill customers based on periodic schedules, time and material usage or percentage complete.
Select between unearned revenue and revenue accounts, based on company requirements.
Indicate on a sales order which items will require progress billing.
Process invoices as either earned or unearned revenue based on your accounting practices.
