Page 1 of 1

Focus on the situation invoiceWhat is a status invoice?

Posted: Thu Feb 13, 2025 8:38 am
by sakib40
The status invoice, also called an interim or progress invoice , is an accounting and legal document mainly used in the construction and crafts sector . It allows you to spread out the payment of construction sites or long-term projects over time . In this way, you invoice over time rather than invoicing the total amount at the end of the project.

Did you know? The amount of a progress invoice is determined according to the percentage of work already provided in relation to the total work.

When to issue a status invoice?
The progress invoice can be issued at the end of each month or on dates defined in advance when signing the contract.

At each deadline, the person responsible for project management (the project manager, the sponsor, etc.) is required to validate the progress of the work in progress. After this validation, you can then edit and send a status invoice based on the percentage of progress of the work.

Why issue a status invoice?
The main advantage of establishing a progress invoice is to chinese student data allow the service provider to collect part of the funds before the completion of the service or work and therefore to generate cash flow . By spreading out the payments, this also makes it possible to cover the costs of materials, labor, subcontracting, etc. Indeed, the longer the project is spread out over time, the more likely it is to generate significant expenses. This is why progress or progress invoices become a real ally.