Encompix | Progress Billing

Progress Billing

Another key financial ingredient for To-Order manufacturers is the ability to invoice their customers based on contractual payment agreements or milestone completions. These payments help to offset the expenses associated with a long-term project, rather than waiting until the shipment is completed to generate an invoice.

Encompix supports flexible, user-defined progress billing and typically retains the accounting transaction in an unearned revenue account, waiting for either the revenue recognition transaction or for the shipment to occur.