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This topic explains how to reduce WIP with an invoice and show the write out methods available to you.
When you post an invoice it is the write out field that is used to reduce your client's WIP balance. For example, if you want to reduce your client's WIP balance from £800 to £500, you can enter 300 in the write out field (800 less 300 equals 500).
For more information see How
to post a simple invoice
There are a number of ways of reducing your WIP balances when posting your invoice. These have been categorised into Basic, Intermediate and Advanced.
It is recommended that you follow these in turn and gradually increase
your knowledge of reducing WIP.
Write out all jobs with an invoice
Clear negative WIP with an invoice
Introduction to Interim invoicing
An example of using Interim invoices
How to post an Interim invoice
How to finalise Interim invoices
Interim invoices finalised incorrectly