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Billing process

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The billing process in teamspace

Turn services into revenue quickly and completely – not through software, but in layers: from goal and core question through measurable metrics to modelling in the tool. With maturity levels, a stocktake and the recommended path through teamspace.

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Key figures & metrics

Key figures for the billing process

The most important billing metrics along the three levers completeness, speed and forecast – what they say and whether and how teamspace delivers them.

The key steps

The recommended path through the process – step by step.

  1. 1

    Capture services

    Book project times

    Book working time against projects and tasks – manually, by stopwatch or as a draft, including categories, areas and a description.

  2. 2

    Approve & lock

    Lock time entries

    Secure attendance and project times against subsequent changes – manually, centrally or automatically, with warning periods.

  3. 3

    Create the invoice

    Issue invoices and record payments

    Generate an invoice from the order, select times, record incoming payments, track the receivable status, cancel and correct.

  4. 4

    E-invoice & dispatch

    Set up and use e-invoicing

    ZUGFeRD and XRechnung in teamspace: set up the prerequisites, send and receive e-invoices, maintain the routing ID (Leitweg-ID) and check structured data.

  5. 5

    Open items & reminders

    Reminders & credit control

    Spot overdue invoices, change reminder levels, maintain deadlines and fees per level, and keep an eye on the receivables status.

  6. 6

    Analyse

    Financial reports

    Finance analysis, Invoicing analysis, Invoice line items, Future revenue, Post-calculation as well as Cost analysis and Cost items – what comes in and goes out.

All articles for this process (46)

Understand

How-tos

Set up & manage