The gap between work done and work billed is where professional services firms lose money. ERP project billing closes this gap systematically.
Timesheet Capture: The Foundation
Every billable hour must be captured against a client project on the day it occurs — not reconstructed from memory on Friday afternoon. Mobile timesheet apps with ERP sync make real-time capture practical.
Billing Rate Configuration
Different resources bill at different rates. Senior consultants at $150/hour, juniors at $80. Travel at cost. Expenses at cost-plus-10%. ERP billing configuration handles all of these automatically.
Billing Milestones vs Time-and-Materials
Fixed-fee projects bill at milestones regardless of hours spent. T&M projects bill actual hours. Many projects are hybrid. ERP must handle all three models accurately with different revenue recognition rules.
Client Invoice Generation
From approved timesheets and expenses, ERP should generate a draft invoice in one click — itemized by resource, date, and activity. The client approves or disputes, and the invoice is finalized.
Bizvinc ERP serves 23 industries across Pakistan and the UAE. Book a free demo to see how we solve the specific challenges in your industry.
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