What you earned
against what you billed
It counts the work your contracts say is done against what you invoiced. The books stay cash, and no other figure moves.
The month
A fee invoiced a quarter ahead is money today and work still to come. This reads the contracts, not the bank.
- Reports
- For the accountant
- Taxes
- VAT
- Earned$418,200By the terms of 11 contracts
- Billed$539,000Sent, partly paid and paid
- Not yet billed$9,400Work done, nothing invoiced
Earned vs billed
AskOctober · read from contracts, not the bank
- Meridian Health · yearly feeBilled in October, earned month by month142,000.00 USDNot yet earned
- Northwind · monthly feeOctober earned and billed18,000.00 USDEven
- Orbit Labs · monthly feeOctober done, no invoice yet9,400.00 USDNot yet billed
- Pellam Group · rate cardPromises nothing, so earns nothingRate card
- 3 invoices outside any contract$12,400 the report is silent aboutNot counted
October by the contracts: a yearly fee billed ahead, a monthly one even, a month of work not invoiced yet, and the billing no contract speaks for.
How it works
Earned vs billed
in four lines
- Read from the contracts
- A monthly or yearly fee is earned in a straight line, the running period by the share of its days. A milestone is earned the day it is invoiced, and a rate card earns nothing.
- Billed beside it
- Sent, partly paid and paid invoices under each contract. Drafts, voided documents and quotes never count.
- Both gaps named
- Billed above earned is money taken for work still to come. Earned above billed is work done that nothing has invoiced yet, listed row by row in Contracts.
- Honest about the rest
- The report says how many invoices no contract speaks for. Asked for a past day, it is rebuilt as it stood, at that day's rate.
Questions
Earned vs billed
the short answers
Does this change our books?
No. Nothing is written to the ledger: the books stay cash, no other report moves, and the two ways of counting are free to disagree.
Which plan has it?
Pro and above. On a lower plan the report says which plan it belongs to, with a way to upgrade.
Read next
- In the cabinetControl report What the machines decided, and what people signed, monthly
- In the cabinetPre-accounting The month prepared, before your accountant opens it
- In the cabinetContracts A signed contract, becomes the schedule of invoices
- In the cabinetInside the cabinet Every section, place by place
See your own cabinet
on a thirty minute call
We open it on your books and show what the machine would do by itself in your first week.