Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 15 · Project Billing: Formats, Events and Processing
Invoice review and approval
Lesson 157 of 198 · 13 min
Review a draft invoice line by line. Adjust — remove a line, write off an amount, defer a line to next month — and show the effect of each adjustment on the underlying transaction. Configure and run the project contract invoice approval workflow. Submit for approval; approve as the approver. Show rejection and resubmission, and the approval history. THE REVIEW STEP IS WHERE THE PROJECT MANAGER PROTECTS THE CLIENT RELATIONSHIP. An invoice with a wrong line damages trust more than a late invoice does. BUILD TIME FOR REVIEW INTO THE CYCLE. Deferring a line to next month is common and needs to be visible. DEFERRED REVENUE THAT NEVER GETS BILLED IS REAL LEAKAGE — and it is invisible unless somebody is looking at the deferrals. The invoice approval workflow is a genuine control. Configure escalation and delegation, or the billing run stalls behind one person's holiday and CASH SLIPS A…
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.