Using Advance Billing
As a General Contractor, you can use Advance Billing to bill for an amount greater than 100%. You can also use it to bill for a negative amount on self-performed lines on an invoice.
If Advance Billing is selected from the GC Project Information section on the Project Settings page, your Billing Workflow shows all line items, including subcontracted lines.
If both Advance Billing and Open Book settings are selected, the View Draw Request page includes advanced billing from Prime Subcontractors once the Prime Subcontractor's invoice is received.
Why Use Advance Billing?
Use Advance Billing to:
- Receive more money at the beginning of the project
- See all the Schedule of Values (SoV) lines when invoicing (even lines that are 100% subcontracted out)
- Easily invoice for a Subcontractor—even if the Subcontractor does not invoice for the draw or submits a late invoice
- Create Owner billings.
Last Published Wednesday, July 10, 2024