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- Financial Advisory PSA
- Process
- Invoice to receipt
Invoice to receipt
Follow a milestone fee through collection and margin review. Each handoff should preserve the client or engagement link, current status and accountable owner. The receiving person checks the source before moving the work forward.
Step by step
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Review fee billing Billing Specialist
Billing Specialist links the fee billing to its deliverable and checks invoice number, amount and due date.
- Preserve the milestone link and invoice details.
- Updates Fee billings, Advisory deliverables
-
Record fee receipt Billing Specialist
After external collection confirmation, Billing Specialist marks the fee received; the operation writes a Payment Record receipt.
- Change billing status after confirmation and record the local operation.
- Updates Fee billings, Operation receipts
-
Review margin Partner
Partner opens the linked engagement in the Engagement Margin Desk and compares delivered and billed amounts.
- Review engagement economics against source records.
- Updates Engagements, Fee billings, Service entries
Who does what
Roles and permissions- Billing Specialist
- , Partner handle this process.
- Keep decision authority separate from data entry where a review is required.
Set up Financial Advisory PSA your way.
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