Invoicing
Contracting – Establishing Scope , Fee, Schedule and Payment Terms
Generating Invoices – Timesheets, Sub invoices, Drafts, Finals
Doing the work – Managing staff and sub-consultants and delivering output
Collecting Payment - Diligent, persistent follow-up
Paying Sub-consultants
Timesheet discipline is essential!
Get them done on time, so that errors can surface AND so that the process can commence.
Tune the invoice review and approval process to the culture of your firm
Put dates on calendars – timesheets posted, drafts generated, finals generated, all invoices sent
Drive the process with your subs. Ask them for their invoices early.
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THE PRINCIPALS ACADEMY 2022
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