Billing at source is a method of issuing macedonia phone number resource invoices that is very typical in the construction sector and is widely used for projects that require construction certifications.
In this article, we are going to take a look at invoices at source, how to create them, and the details you need to take into account in order to issue them correctly.
What is an invoice at origin?
An invoice to origin is a regular invoice, structured in such a way that it allows you to know the total amount that should be charged as a project progresses. In other words, it is a system that allows you to know the total amount of the work, but charging only a part of it with each invoice that is generated.
Source billing consists of an initial source invoice , followed by one or more progressive invoices that add new items and record previous items that have already been charged. Each invoice created contains all previous items, so that you can have an idea of the total project and its progress at a glance.
It should be noted that invoicing at source is not regulated in Spain, and its concept as such does not exist in the Official State Gazette . Rather, it is a methodology for introducing additional information into invoices while respecting current regulations.
Advantages of billing at origin
Original invoices are mainly used in the construction and building sector, where a large-scale project is carried out and must be invoiced progressively.
Billing at source has some advantages over creating invoices individually, and many clients may require that you follow this process in order to issue work certifications .
In general, invoices to origin allow things like:
Show all items : Showing a list of all the items included makes the invoice able to know the scope of the project without needing any additional documents. You could say that the invoice can act as a budget.
Knowing the progress of the work : a source factor shows the invoiced amount for each concept, often in terms of percentages. This makes it possible to know how much has been certified for a job and to see its degree of progress.
