![]() ![]() ![]() If the Override box is checked - this will allow you to reduce the hours billed to the client for this entry, while maintaining the Labor hours entered for reporting purposes. ( this option may only be available for Admin Users)īillable (hrs): Billable hours will auto-fill based on the amount of Labor hours entered. Rate $ and Override Rate: the time entry will show the rate set, however, if Override Rate is checked, the Billing Rate for that specific entry can be overridden/changed. This does not show on Reports or Invoices unless turned on. Start and End Time: You can add a start & end time to the entry. Show Private Description: When check marked the private description will show on the invoice. Private Description: Fill in your description of why you are billing this entry. ( this option may only be available for Admin Users)ĭate Created: The date for which this entry was made for - date will auto-fill based on the current date but can be changed by typing in a new date or clicking on the small Calendar icon to select. If unchecked this means the entry's hours will appear on the invoice as either $0.00 OR No Charge (i.e., non-billable).Įxclude from Invoice: If checked this means that the entry is non-billable AND will not appear on the invoice for the client to see. Pull this down to choose Flat Fee Work if you want to bill a one-time flat fee entry.īillable: If checked ( normal default ) this means the entry is Billable. A best practice is to apply payments with in Bill4Time, which creates the most accurate data for reports, invoices, and statements.When creating a Time Entry, fields that appear in blue are required while white fields are optional.Įntry Type: Hourly Work allows you to bill at your hourly rate. Ideally, customers will pay invoices as soon as they are received, and a statement is a reflection of all the invoices over a period of time. Show More Strengths The best features of Bill4Time and Rocket Matter as. Invoices are sent to request payment for the services provided. Invoice Templates: Track the status of invoices in real time. Hi Bill4Time On the time entry pages, please try to re-incorporate the feature whereby the time entries for a given day are sorted into chronological order based on start- and end-time if those. Timing: Statements are issued at regular intervals, while invoices are sent at the completion of any sale.Īccounting: An invoice must be recorded in accounts payable, but a statement is purely informational and doesn’t need to be recorded. On the Invoice Details page, if the invoice is in a batch it will show the Batch ID which you can click to be sent to the batch details page. ![]() Bill4Time offers all of the features your firm needs to eliminate time-tracking errors, streamline your billing, automate your invoices, and process online payments. With minimal upfront work, your law firm can create a legal billing and invoice process that saves you time and money down the road. This shows the client as a summary/standing of their account.ĭetail: An invoice offers more details about specific sales, while a statement offers an itemized list and grand total. Implement a Custom Legal Invoice Template Process. Statement: A statement reflects all transactions that took place between you and a particular customer for a given period of time. Invoice: An invoice is sent to a client to ask for payment while providing the client with details about the expenses and services billed. It will show an itemized list of transactions for the statement period including: While invoices contain specific details relating to each transaction, statements aren’t usually so detailed. The statement is a current report showing the customer’s account status, reflecting payments already made and outstanding invoices. While an invoice relates to a specific transaction, a statement can cover multiple transactions. It provides the details of a transaction, outlining the goods and services provided and how much payment is owed.Īt the bottom of most invoices, you’ll also see any payment terms along with payment methods and additional instructions. An invoice is a document submitted from a business to a customer or buyer. ![]()
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