Billing - Overview
With Thread, you can easily generate bills / invoices to clients for the time you have logged on matter documents, emails, calls, etc., or using a fixed fee for a matter (see
Use customised bill templates or sample templates provided by Thread to generate the bill document.
To create a new a bill (either fixed fee, or including documents time etc., with hourly rates) go to the matter Financial tab in the top grey pane, then the Bill tab on the left pane.
When generating an hourly rate bill, the cost of each item is based on the time logged and the rate charged.
Follow the steps to record time working on the matter (using the timer or manually), and then include matter time in a bill.
If you have expenses relating to the matter, you can include them in the bill to recover payment.
Once ready, you can issue the bill to generate the bill document.
If you don't need to include any documents etc., in a bill, but just want to issue a bill for a set value, you can create a Quick Bill (set value of a quick bill will only apply if a matter does not have a fixed fee - if the matter is set at a fixed fee, the issued bill value will always show the fixed fee amount).
The matter must have a primary client linked to it. The bill will automatically be linked to the primary client.
You can edit the bill when needed to update the name, Tax and hourly rates before it is issued.
Once you issue the bill, the financial details on your matter Financial > Overview page will show the Bills Issued value with the outstanding balance for the matter.
Should you need to make further changes to the bill once it has been issued, you must first unissue the bill (this will not be possible if your Thread is integrated with Quill, QuickBooks or Xero accounting package).
Related Articles
Matter Financial Page
The Financial tab on a matter is divided into: Overview, Time, Bill, Expenses, Payment, Requisition, Client account, and Settings. On the matter Financial tab, the Overview gives an overview of all financial activities related to the matter and is ...Unissuing Bills
If you need to unissue a bill, in order to make changes, you can do this by going to the Matter -> Financial -> Bill If you have a Quill, QuickBooks or Xero accounting software integration turned on, you will not be able to unissue bills. 1. Select ...Editing Bills
Once you have created a bill, you can edit it at any time before it is issued to change bill name, or the hourly rate and Tax for items. 1. Click Matters in the left pane. 2. Select the matter you want to edit the bill for. 3. Under the Financial ...Issuing Bills
You can issue a bill directly from a matter or from the Quick Create Button on Thread. Issuing bills from a Matter: 1. Click Matters in the left pane of your Thread page. 2. Search for the matter you want to issue a bill for and click the matter ...Issuing Fixed Fee Bills
If you have selected your matter to have a fixed fee in the Financial – Settings tab of a matter, you can issue a bill without adding time to a matter. You must add the Description for the fixed fee which will show as the item included on the bill ...