Invoicing Process

Principle: 

• SERVICES => 
• • Based on delivered quantity & delivered quantity manually given when the service is provided (fully or by milestone).
  • Revenue recognition directly when invoices are issued.
• PRODUCTS => 
• • Based on delivered quantity and based on delivery out. Always make backorder for delivery out. 
  • If downpayment, downpayment invoices on Balance sheet (and not revenue).

Scenario 1 => SERVICES ONLY => invoices based on milestone.

Scenario 2 => Product only => Downpayment and Invoices based on delivery out.

Scenario 3 => Mix Services and Products: cf video

• Section SERVICES => invoices based on milestone.
• Section PRODUCTS => 
• • if downpayment => merge invoice with milestone invoices.
  • product invoices after delivery out.