Invoice Open Billing Screen

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Clicking on the invoice recommendation for the Fixed Price Open Billing work order displays the Invoice Open Billing screen as depicted below.

The following table summarizes the elements on the Invoice Open Billing screen.

Screen ElementDescription
Original AmountSpecifies the estimated amount representing the total amount to the invoice.
Revision AmountIf any change orders have been applied to the original work order, this value shows how much the original estimate amount has changed.
Total AmountThe sum of the Original Amount and the Revision Amount.
New ButtonClicking the New button displays a menu with two options:
  • Add Invoice - Displays the Invoice Schedule of Values screen to initiate the creation of a new invoice.
  • Add Retainage - Displays the Set Invoice Date and Amount dialog to initiate the creation of a retainage invoice.
Earned RevenueEarned revenue to date for the opportunity.
InvoicedAmount invoiced to date.
Amount to InvoiceThe amount remaining to invoice, including retainage.
RetainageAmount of retainage withheld based on invoices submitted to date. Also shows the retainage percentage specified on the work order.
Remaining RetainageDisplays the amount of retainage that is still to be billed. This amount adjusts if a negative change order has reduced the retainage. When the opportunity is 100% complete, and retainage is the only amount left to bill, this field helps you determine the final invoice amount needed after accounting for any negative change orders.
Invoice ListList of invoices created for the work order. The Invoice Status column identifies invoices that have been reversed and rebilled. For more information about the reverse and rebill process, refer to the Reverse and Rebill description under the bulk menu options in the Invoice screen article.

Menu

Menu OptionDescription
Master Schedule of Values
Selecting this from the More drop-down displays the Master Schedule of Values screen which is also available from the footer of the Opportunity screen.
Opportunity Details
Selecting this from the More drop-down displays the Opportunity screen for the work order associated with the selected invoice recommendation.