Everhour › Product Updates

Invoices for Fixed-Fee Projects

September 15, 2021

Hi there! Quite an anticipated update on the invoicing direction: you can now issue invoices for a client with fixed-fee projects. Let’s now see how it works!

Creating an invoice for fixed-fee projects

We have changed the modal window when you create an invoice: every client project now shows the billing type. You can’t choose projects of different billing types to appear on one invoice.

When you choose your fixed-fee project, we put its fee as the default billable amount:

invoices for fixed-fee projects

The invoice draft appears has a fixed structure: the line item has the project name, no hours reported, the billable amount equals its fixed fee. We apply all other invoice settings you have in general or particular for this client (due terms, taxes, etc.)

invoices for fixed-fee projects

Important! You can’t repeat fixed-fees periodically, so the invoiced sum will never be available on a new invoice.

At the same time, you can edit the invoiced amount. If you make a kind of partial sum invoicing, the remaining sum will be available in the next invoice.

invoices for fixed-fee projects

How we display the uninvoiced amount of fixed fee projects

While the invoiced amount of fixed-fee projects is displayed on the main invoices list, before you issue the invoice, you can see the uninvoiced amount size on Project and Client Summary, Client Profitability Dashboard.

invoices for fixed-fee projects
invoices for fixed-fee projects
invoices for fixed-fee projects

We do not show invoiced and uninvoiced amount if you have such projects included in custom reports. Please be careful when making a report for a client that contains both T&M and Fixed-Fee projects!

Waclaw

Waclaw helps Everhour users to get answers to questions they might have. Being a father of two boys, I know that you need to be patient and thorough in explanation. I like to read books and watch (play occasionally) football games.