Last year, we introduced the option to ‘pass-through’ a purchase invoice on to your customer in Exact Online Professional Services. This pricing method takes the purchase invoice as a base and calculates the sales invoice amount by adding a mark-up to the purchase costs.
For example, let’s assume your company frequently uses suppliers or subcontractors on your projects. Let’s further assume that you typically charge your customer a 15% mark-up percentage on purchases made. If a supplier invoice is booked against this project (e.g. 100 euro) in the purchase module, Exact Online can automatically create a sales invoice proposal (e.g. 115 euro) based on the mark-up percentage. Per supplier invoice you can easily track whether purchases were re-billed to your customer and the current status of a sales invoice. Saving time, preventing revenue leakage and providing visibility on project costs and margins.
We’ve added new restrictions on the project card to further enhance efficiencies in handling purchase invoices.
Now you can specify per project which purchase-invoice related cost types are allowed. A project manager can now set purchase re-billing restrictions per project, and F&A (or those responsible for handling supplier invoices) do not need to worry if re-billing is allowed. This will prevent incorrect generated sales invoice entries and provides more clarity to all involved.