Sales Invoice from Timesheet
Sales Invoice from Timesheet
The total number of hours an employee has worked for a customer may be used as the basis for billing that customer. With a timesheet, it is possible to keep track of the precise amount of billable hours.
Each time an employee submits a timesheet, the system can create a sales invoice that can be utilized to charge the client.
1. How to Create A Sales Invoice from A Timesheet
After submitting the timesheet, select "Create Sales Invoice."
Type in the item code and the client's name who needs to be billed for this timesheet. The thing could be either a product or a service. Next select "Generate Sales Invoice."
The Sales Invoice will automatically have all the information from the Timesheet filled in.
After selecting the checkbox next to Posting Time, the publishing date and time will be automatically set to the current time.
You can make this a credit note or include payments for POS, at your discretion.
Save and Send
Click the Obtain items from button to have the information automatically fetched from a Sales Invoice. A Sales Order, Delivery Note, or Quotation may contain the information. Information such as the customer PO, address and phone number, currency and price list, and items will be automatically filled up.
2. Features
When generating a sales invoice from a timesheet, additional information:
Accounting Dimensions: You can assign transactions in Accounting Dimensions to a certain Territory, Branch, Project, etc. This makes it easier to see financial figures differently depending on the criteria you've chosen. Visit the Accounting Dimensions page to learn more.
Time Sheet List: The information from the Time Sheet will automatically be obtained because the Project was made from a Time Sheet. To add more Time Sheets to this Invoice, click "Add Row."
You can include every other information as you would in a sales invoice.
3. After submitting
The information such as "Total Billed Hours," "Total Billed Amount," and "% Amount Billed" will update in the Timesheet once you have submitted the Sales Invoice. Moreover, a Pay Slip can be produced using the Timesheet.