A new tool designed to help companies improve invoicing time for costs incurred during projects is expected to cut billing time by up to 75%, accounting software developer Sybiz has announced.

Sybiz says it’s new Advanced Job Invoicing module lets customers rapidly pick and choose costs incurred during a project and invoice the client in detail, along with margins already specified.

Development Director Grant Argy says AJI gives users more flexibility with invoicing and lets customers write off outstanding work in progress after all invoices have been produced.

“This saves companies time by giving them the ability to write off costs without producing a zero invoice, while the flexibility of the data entry also reduces the likelihood of errors while processing,” Grant says.

The software is suitable for SMEs in a range of industries including consultants, contracting companies, electrical and maintenance services, architects, surveyors, engineers, air conditioning installers, exporters, signwriters, manufacturers, building contractors and other service based businesses.

“In these types of businesses, progress invoicing is essential and clients value the ability to invoice based on estimates as well as actual costs,” Grant says.

“Advanced Job Invoicing provides fast and easy access to the actual transactions posted to a job or to a range of estimates prepared for the project.”

Advanced Job Invoicing enables customers to select items to be claimed by stage, cost centre, date or cost type and it is also capable of issuing warnings to the user if there are outstanding purchase orders for the job.