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Invoiced transaction calculations
Invoiced transaction calculations

How are invoice values of transactions calculated?

Updated over 3 years ago

The value of any invoice is distributed across the transactions held within the invoice in different ways, depending on markups/down, and happens in the following situations:

  • Invoice creation

  • Pre-billing (when the prebill is closed off)

  • Post-billing

When the invoice stage is a markup (i.e. invoice value > charge value)

  • Timesheet value will be marked up proportionally and expense value is maintained

  • If expenses only (i.e. no timesheet), then expenses will be marked up proportionally

When the invoice stage has no markup (i.e. invoice value = charge value)

  • All transactions maintain their value

When the invoice stage is a markdown (i.e. invoice value < charge value)

Timesheets and expenses

  • If total expense charge value < invoice value then timesheets are marked down proportionally and expense value is maintained

  • If total expense charge value = invoice value then timesheets all have an invoice value of zero, and expense value is maintained

  • If total expense charge value > invoice value then timesheets all have an invoice value of zero, and expenses are marked down proportionally

Expenses only

  • Expenses will be marked down proportionally

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