Project Billing That Maximizes Revenue
Milestone invoicing, budget tracking, and revenue recognition — billing workflows designed for project-based businesses.
Use Case: Project Billing
Problem
Project-based businesses struggle with complex billing models — fixed-fee milestones, T&M with caps, retainers with overages — and lack tools that bridge project management with financial reporting.
Solution
A custom project billing system supports multiple billing models, tracks budgets in real time, generates invoices from milestones or timesheets, and integrates with accounting for revenue recognition — all tailored to your engagement types.
Key Features
- Multi-Model Billing: Support fixed-fee, time-and-materials, retainer, and hybrid billing models with project-specific configuration.
- Budget Tracking: Real-time budget consumption dashboards with burn rate analysis, forecast alerts, and change order management.
- Revenue Recognition: ASC 606-compliant revenue recognition with percentage-of-completion and milestone-based methods.
Estimated Scope
Hours: 300–500 | Cost: $600–$2,500 | Timeline: 6–10 weeks
Frequently Asked Questions
- Can it handle change orders?
- Yes. Change orders adjust project scope and budget with approval workflows, and the system tracks original vs. revised budgets separately.
- Does it support retainer billing?
- Yes. Monthly retainer billing with rollover or burn-down tracking, overage invoicing, and utilization reporting.
- Can it integrate with QuickBooks?
- Yes. Two-way sync with QuickBooks for invoice creation, payment recording, and revenue recognition journal entries.