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Invoicing Overview

Enterprise | Premier | Professional ]

 

Overview

Mavenlink’s flexible invoicing tool is available to Professional , Premier, and Enterprise customers for both new and existing projects. This gives you the ability to manage your projects, time and expenses, and billing all from within Mavenlink; there’s no reason for you to use a third-party invoicing tool.

Mavenlink gives you the option to submit purely Fixed Fee invoices, Time & Materials, or a blended invoice with both Time & Materials and Fixed Fee items. This means you don’t have to know before creating your project which billing method you and your clients prefer.

Mavenlink's invoicing feature links all project work, such as Tasks (“   ”), Deliverables (“   ”), and Milestones (“   ”) to the billing process. When creating a new project, Mavenlink will ask which billing mode you prefer. Selecting an option will set the default billing type (i.e., Time & Materials or Fixed Fee) for all the TasksDeliverables, and Milestones in your project. 

Task-Billing-Mode.png

You can always change billing type after the project is created by selecting Settings from the Actions (“   ”) drop-down menu located to the right of the project name. Changing your defaults in the Project Settings section will only affect newly created tasks, not those that previously exist. 

 

Invoice Settings

With Mavenlink, you can brand each invoice you create by uploading your company’s logo and address. You can also set the default payment schedule, tax rate, and currency for your invoices. To access, hover over Settings from the left-side nav bar and select Invoices; note that you must be an Account Administrator to access this section. Configuring your Invoice Settings during the initial setup phase ensures that your information is up to date before a payment gets processed.

  • Upload Your Logo—If provided, your company's logo will be applied to every invoice and shared across all account users. Your logo can be a maximum of 200 pixels wide by 250 pixels high; if your image is larger, it is automatically resized to fit our size specifications.
  • Invoice Address—Your address will appear on every invoice you send and receive. Please note that your address will appear exactly as entered, so be mindful of text formatting and spacing.
  • Payment Schedule—Provides a payment schedule option that is available when creating an invoice; it will be added to the existing default options (i.e. 0, 15, 30, 45, and 60 days).
  • Default Tax Rate—Set the default tax rate for every invoice item you mark as taxable.
  • Default Currency—Select the default currency to be used for all account member rates and new projects. The default is USDUnited States Dollar ($).

The first time you Save or Send an invoice for a project with a client, you’ll be asked if you wish to update your settings, including the Additional Details and Time Formatting, as the default options for that client. This way, the next time you select that client—or a project associated with the client—your defaults automatically load and you won’t need to reconfigure any settings or options. This saves time when invoicing a common the client.

Update-Default-Settings.png

Each time you make future changes to your invoice settings, Mavenlink will ask if you'd like to update the defaults for this recipient or maintain your previous settings.

 

Getting Started

Once you have time entries and/or expenses that you’re ready to invoice, click on Create an Invoice from the Payment tab of the Projects Admin Box.Payment-Tab.png

Alternately, hover over Billing from the left-side nav bar and select Invoices—or click the Add New (“   ”), icon to the right of Invoices. From here, you can choose to invoice for a single project or across projects by client.

Create-New-Invoice.png

Next, select the appropriate project(s), add some time entries, fixed fee items, or additional items and you’re all set! When finished, click Send to post the invoice in your project and notify your client.

  • To learn how to create an invoice for a single project in more detail, click here.
  • To learn how to create an invoice across projects by client in more detail, click here.

Please see our Time Tracking and Expenses and Billing Overview articles for more information.

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