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Estimates are used to raise bills for client work that has not yet been entered as WIP. They are also known as interim fees.

An estimate fee when posted will credit the client's WIP ledger and leave a carry forward credit amount. When work commences on the job and timesheets input to record the work done so far, these entries will debit the WIP ledger and the credit balance will reduce.

You can add an estimate against any client assignment (AE)/job (AO), regardless of whether it has WIP against it.

The Estimate to Complete task code must be set up in the system to track these entries.

In MYOB AE, estimates previously raised can be viewed in the Misc/Est tab of the relevant Assignment Details page.

An estimate can be added from the Bill Amounts window > Create new estimate to complete window at Stage 2 of the Billing Wizard. You can use this to create an estimate at the assignment/job level.

An automatic estimate is created when a bill is raised in excess of the amount of available WIP. This is also known as overbilling. The system alerts you when an automatic estimate is created (by adding  to the AE (Automatic Estimate) column on the Bill Amounts window.

MYOB don't recommend using this facility.

To add an assignment/job level estimate during billing
  1. Create a draft bill for the client or assignment/job you want to bill. See Creating bills for clients using the Billing Wizard.

    If you want to add the estimate to an existing draft bill, double–click the draft bill to open it in the Billing Main page. Ensure that you are in Edit Bill mode, see To edit a draft bill.

  2. Click Bill Amounts  from either the Billing Main page for the client or by working through the Billing Wizard. The Bill Amounts window opens.

  3. Click Create Estimate . The Select Client Assignment/Select Client Job window opens.

  4. Select the assignment/job to record the estimate against from the list. If you require an assignment/job that is not listed, click Find to open the Find Assignments/Find Jobs window. From here you can search for any client assignment/job in the system.

  5. Click OK. The Find Assignments/Find Jobs window closes and the selected assignment/job is added to the Select Client Assignment/Select Client Job window.

  6. Click Add. The Create new estimate to complete window opens. The Implemented by field defaults to the employee creating the estimate and the In Employee’s Time Period field defaults to the current time period selected for the employee. The Transaction date field defaults to the current date.

  7. Change the Transaction Date by entering a date in the format dd/mm/yyyy or selecting it from the drop-down calendar.

  8. Select the required Type from the drop-down.

    The Type of estimate to complete you select will determine if the final bill includes GST or not. To check the tax rate set-up on the the code, go to Maintenance > Miscellaneous > Code Types and expand the Est to Complete code type.
  9. Enter the net amount to be charged in the Amount field.

  10. Enter internal notes to explain the charge in the Notes field.

  11. Click OK. This will close the window.

  12. Click Close. The Select Client Assignment window closes. The bill amount of the estimate is displayed in the Bill Amounts window in the Bill field against the relevant assignment/job as a future credit in the Carried Forward field. The bill total increases to reflect the new charge.

  13. To view the estimate in the Bill Amounts window drill down through client/assignment/job or group the items by Code Type to show estimates as their own item.

    All estimates for a client will be displayed as one item in the Bill Paragraphs window, whether entered before or during billing. Manually create separate line items in the Bill Paragraphs window if you want them to display individually in the client’s bill. Ensure that the individual item amounts are amended to match the total estimates amount or you will be unable to post the bill.

  14. Continue through the Billing Wizard and add Paragraphs, reviewing address details and the amounts being billed and click Finish.