Invoicing

The Invoicing module in Project is used to collect invoice data and transfer the data to Invoicing for the final editing and printing. If the project and the budget are at the actualization stage, you can choose the appropriate sessions in Invoicing to invoice the costs.

  • Progress invoicing
    You can define progress payments for a contract. The amount that can be invoiced to the customer is based on the progress of the project or the contract, and the percentage of the payment is agreed based on the terms of the contract. These progress payments are based on the cost even if the contract is of the type Fixed Price. The progress payments must be settled against the installment or delivery based invoices. Progress Billing terms can also be negotiated in a US Government contracting environment. You can use the Suppress Cost for Next Billing Cycle option to invoice the transactions in the next billing cycle.
  • You can also print the billable cost lines and the related costs as an annex to the invoice considering the aggregation of the Invoicing Method.
  • SF1433, SF1034, and SF1035

    Infor LN also allows the user to print a US specific invoice, Standard Form 1443 (SF1443) contractor’s request for Progress Payment. You can print the SF 1034 and SF 1035 reports (as per the US Government requirements) for contracts. These reports include the total amount invoiced (SF1034) and the breakdown of the invoiced costs (SF1035), respectively. The SF form 1443 must also specify the unsettled advance amount.