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QuickBooks Community / Forums / Industries / Builders and Contractors /
Final Invoice for Cost Plus billing
May 18, 2008 06:09 pm

[dlgaccounting]
dlgaccounting

ProAdvisor

North Carolina

Total posts: 2
This post is about: Premier
I have a contractor/remodeler/builder client who uses the Estimates and Progress Billings for his customers. The invoices to his customers are based on cost plus, therefore, the final invoice could be plus or minus the estimate. What is the best way to handle this final invoice? He uses items and the job cost reports.
Replies to Final Invoice for Cost Plus billing
[QBTrainer]
QBTrainer

QuickBooks Community Expert

Advanced Certified ProAdvisor

Allstar

Intuit Solution Provider

Texas

Total posts: 1714
#1
of 1 		Final Invoice for Cost Plus billing
May 19, 2008 06:37 pm  
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This post is about: Premier QB 2008
Have a "contingency" line item that all adjustments are made too.

General rule is never to invoice progress billing for more that 100% of the scheduled value.

So scheduled values can be increased/decreased by making changes through a contingency line item.

Laura Madeira
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