As in once you start using projects, you will have to use a project (or
project blank) per invoice where applicable.
Vversus not using projects at all that is.

2011/3/10 Rich Shepard <[email protected]>

> On Wed, 9 Mar 2011, Paul Tammes wrote:
>
>  Did you think about using PROJECTS for this?
>>
>
> Paul,
>
>  Not only did I think about this, but I've used projects since I started
> with SL about 7 years ago.
>
>
>  If you attach the project to both income (issued retainer invoices or even
>> G/L entries eg. bank debit, project income account credit) and expenses
>> (billed hours, used astationary, whatever) you can then use a simple
>> income statement for the specific project for any given date. Or leave
>> dates blank for an overview over all periods including previous years.
>>
>
>  Yes, this should provide an income statement by project (which my
> accountant would like to frame when they are sufficiently high in dollar
> value), but not a Statement of Account to be sent to the client.
>
>
>  Only problem I see: You will have to enter the project on all relevant
>> bookings / postings, but I guess timecards are your friend on the income
>> side.
>>
>
>  Always done.
>
>
>  Any incoming nvoices related to the project would have to be 'amended'
>> instead of just entering them.
>>
>
>  Why? Ammended how?
>
>
> Rich
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