Knowledge Base > Best Practices > Using Invoice Statuses

in Best Practices Tags: Invoicing

Utilizing the Invoice Status allows for an added layer of detail for easily finding invoices. Practice Management Workspace recommends that you use each status a little differently. In Process – It is recommended that you use this status when you create an invoice but still need to add WIP or make adjustments, so on and so forth. This status should represent an invoice in its very beginning statuses. Review – The Review status ideally should represent the invoices that have all WIP assigned to it, all amounts and adjustments made, and all of the descriptions entered in to the best of the creator’s knowledge. It just needs to be reviewed by a managing partner or billing manager. Final – This status signifies that the invoice is ready to be sent to the client. No additional billable time or adjustments are needed and the invoice should be sent to the client. PAYMENTS CAN ONLY BE APPLIED TO FINAL INVOICES.