Originally posted by Fred Bloggs
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In Xero, you would need to buy their Projects module add-on, can't remember how much that is but I don't think it's expensive.
You then create a project - and you can either create a fixed price project, or set it up based on effort and expenses. Then you can raise one or more invoices against the project and see the value of your invoicing against it.
Annoyingly, Xero will only set hours not days against a project if you go the effort route, but then I found I could easily ignore the 'hours' bit and just read it as 'units' in my head and it worked out just fine*. Setting up the project in terms of effort is good because it clearly shows what you've invoiced out of what you've set up which is more useful to me. If you do have a PO that includes an allowance for expenses then this feature is handy as you can set your expenses budget and allocate spend against it. Then, when you're ready to invoice, you just select 'invoice all effort to date' (or words to that effect) and it's all done for you.
I'd recommend you getting a trial of Xero (they will call you up to discuss!) and having a play.
* EDIT - it's possible this could be configurable somewhere and I'm going to join one of their live Q&A webinars to dig into this a bit more as they have an expert fielding questions and doing live demos every week - available to trial users as well as paying customers
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