Uploading invoices based on cost codes streamlines financial processes and enhances accuracy in project accounting. This step-by-step guide will walk you through the process of efficiently uploading invoices, ensuring proper allocation to cost codes for precise project cost tracking.
Once you have created your invoice from your accounting software, begin by logging into SprintSuite and navigating to the "Invoice" tab within your project. Then click on "Upload Invoice".
Input the required invoice information into the designated fields, including the Invoice ID, Invoice Amount Excl GST, and Invoice Date. Proceed to upload your invoice file. Subsequently, choose your cost code by selecting it from the drop-down menu labeled "Select Cost Code." Finally, click on "Save Invoice" to complete the process.
Your saved invoices will be accessible in the Approved Invoices section, offering options to download, edit, or delete. At the top of this section, you'll find a comparison between your total invoiced amount and the remaining budget. This feature aids in effectively managing invoiced amounts and the remaining budget. Additionally, you can view this information in the actual Profit and Loss statement within the Financials tab of your job.