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- Management Consulting PSA
- Process
- Milestone billing
Milestone billing
Move approved deliverables into invoice status and record the later payment.
Step by step
-
Approve milestone Engagement Manager
Engagement Manager checks the milestone's deliverable summary, amount, owner and engagement before marking it Approved.
- Delivery readiness is tied to a named engagement.
- Updates Milestones, Engagements, Record attachments
ApprovalA person approves before the work moves on. -
Invoice milestone Finance Manager
Finance Manager runs the invoice operation; it validates the approved milestone's amount and engagement and records the result.
- A valid milestone moves from Approved to Invoiced; the attempt has a result.
- Updates Milestones, Operation receipts
-
Record payment Finance Manager
Finance Manager marks the related payment Received after confirming the collection and records the paid date and method.
- Received payment is linked to its milestone with a Payment Record receipt.
- Updates Milestone payments, Milestones, Operation receipts
Who does what
Roles and permissions- Engagement Manager
- Decides milestone readiness; Finance Manager records invoicing and collection; Partner reviews overdue or disputed outcomes.
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