Enable processing billed sales for resource-nonstock deployments
Important
Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned
| Enabled for | Public preview | General availability |
|---|---|---|
| Users by admins, makers, or analysts | - | Mar 2025 |
Business value
The ability to create transactions for time, expense, and material usage directly on a draft invoice streamlines the invoicing process to help ensure timely and accurate billing. This enhances operational efficiency and accelerates cash flow, providing significant financial and administrative benefits to project-oriented companies.
Feature details
Implementing the flexibility to create transactions for time, expense, and material usage directly on a draft invoice is indeed a significant enhancement for project-oriented companies. This approach offers several key benefits:
Timeliness: Invoices can be prepared and sent out more quickly, reducing delays often caused by waiting for consultants to submit their time and expenses or by manually creating journal entries.
Accuracy: By entering transactions directly on the draft invoice, the risk of errors is minimized. This ensures that all billable items are captured correctly and reflects the true cost of the project.
Convenience: Consultants and Project Managers can focus on their core activities without being bogged down by administrative tasks. This is particularly beneficial for consultants who are frequently on the move.
Efficiency: Streamlining the invoicing process reduces the administrative burden and allows finance teams to operate more efficiently. This can lead to faster cash flow and improved financial management.
Transparency: It provides a clear and comprehensive view of all billable items on the draft invoice, making it easier to review and approve before finalizing and sending it to the client.
Overall, this flexibility can greatly enhance the invoicing process, making it more efficient and accurate, ultimately benefiting both the company and its clients.