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Creating Invoices from TS (or Estimate)

I've been using QB Pro 2006 for over a year (single user) for my one man company (Electrical Consultant).

Up to now I use the Time Sheet hours I input to create my monthly Invoices (this works just fine). But I have many projects where I submit a Fee Proposal to clients (which I currently calculate via an MS Excel spread sheet).

What I would like to do start to create my project Fee proposals in QB (which I know I can do under ESTIMATES... and which seems to be perfect for me).

However, my issue is when I come to create my monthly Invoices... which one do I use? The Time Sheet hourly data? Or the ESTIMATE (where I have to figure out the hours spent per month - from my Time Sheet) and then create the invoice.

Ideally I would like to use the Time Sheet to create the more detailed invoice (as I currently do)... but I would still like to somehow Track my hours spent vs. my Proposal Time so that I do not over charge on a project (which is what I want to have).

I could create two invoices (one from each) and then only send out only the one created from my Time Sheet info... but then QB will see Two invoice amounts.

Any thoughts or suggestions on this one?

TIA...

BruceF

Reply to
Mr. B
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If you have created the estimate within QB, then, yes, use the estimate to bill from.

Look up progress invoicing from within QB help.

You may want to record your time spent on non-T&M jobs you created estimates for as non-billable time to those customers.

Reply to
L

Okay.

All of my work is Hourly. That's why the Time sheet is great for me. And about 50-65% of my projects have a Fee Estimate. So then the Estimate would be of use... but I guess I just have to think this one through to see which is my 'best' option.

I like to show the itemize timesheet items in my Invoices. I guess that is why the Estimates don't exactly work for me.

But I'll take a look at what the progres invoicing says in QB.

Thanks!

Regards,

BruceF

Reply to
Mr. B

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