Billing Software Resources

Articles, Glossary Terms, Discussions, and Reports to expand your knowledge on Billing Software

Resource pages are designed to give you a cross-section of information we have on specific categories. You'll find articles from our experts, feature definitions, discussions from users like you, and reports from industry data.

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Billing Software Articles

Top 9 Free Invoice Management Software for 2024

Unpaid invoices haunting your dreams? Managing multiple clients and tracking expenses can turn into a nightmare for fast-growing small businesses. You might find yourself spending hours creating client invoices, approving vendor bills, tracking your payments, and managing financial records rather than focusing on the heart of your business.

by Soundarya Jayaraman

11 Best Billing Software In India in 2024

Sorting out your financial needs is one of many building blocks to revenue growth.

by Shreya Mattoo

The Role of Artificial Intelligence in Accounting

Accounting is one of the most important, yet daunting and expensive departments in almost all companies. Accountants oversee all financial operations of a business to help it run smoothly and efficiently. These include preparing and analyzing financial statements (e.g., cash flow, income statement, balance sheet), paying taxes on time, and maintaining the companies’ general ledger (GL). All these tasks require a great deal of human interaction that takes time and money; no matter how careful an employee may be, there is always the chance for human error, which could snowball and lead to devastating financial results in the future.

by Nathan Calabrese

Billing Software Glossary Terms

Billable Hours

Billable hours are time spent working on tasks that are chargeable to the client. Learn the best practices for incorporating billable hours into business.

by Holly Landis

Bill and Hold

A bill and hold transaction is how companies record revenue for goods that haven't been delivered. Discover the transaction method and criteria to use it.

by Martha Kendall Custard

Retainer Fee

A retainer fee is paid upfront to consultants, lawyers, or freelancers to secure their services. Learn more about its types and benefits.

by Aayushi Sanghavi

Billing Software Discussions

Question on: NetSuite

How do I pull financials for the same period year over year

Currently the reporting feature does not allow you to pull data from January 2019 and January 2018 in the same report. How can this be resolved within one report?

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Run the report you want, hit 'customize', select edit columns along the top grey bar, expand "Financial" under the Add Fields menu, drag and drop "Amount" into the report preview, then select 'relative to report date' in the 'Alternate Period Range Type'. You can select the alternate period range to be whatever you'd like 'Same Period Last FY' will give you Jan 19 Jan 18. Sounds tedious but it honestly doesn't take that long. Then you can save report so you won't have to customize it again. Hope this helps!

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Answered: Kristopher Houchin, MBA on November 29, 2021

You can run a Comparative Income Statement and then customize the "Comparative Amount" column to include the period range you wish to compare to. Below are step by step instructions: 1) Reports > Financial > Comparative Income Statement 2) In the filters at the bottom, select the current period you want to compare a prior period to (i.e. January 2019 to September 2019), then click on "Refresh" 3) Click on "Customize" at the bottom 4) Select "Edit Column" 5) Click on the column entitled "Comparable Amount" to select 6) Scroll down and change "Alternate Period Range Type" to "Relative to Today's Date" - doing so simply makes visible in the "Alternate Period Range" below it the "(Custom)" option to enter your period range 7) Change alternate period range to "(Custom)" and select the periods to include - you will need to highlight all the periods you wish to include (i.e. January - September 2019 you would need to select all the periods). To do this you need to click on the first period (i.e. January 2019) then hold down the "Ctrl" key and select each of the other periods (i.e. February 2019, March 2019, April 2019 through September 2019). 9) Preview the report and if it is what you wanted You can then either simply export it to Excel and save or you can return to customization and Rename the report at the top (i.e. Income Statement YTD 9-30-19 vs 9-30-18) and Save if you want to be able to rerun in the future. I typically Preview the report and export to Excel, because I don't want to have a saved report for every comparison I run. I just customize this Comparative Income Statement each time I wish to do a comparison and never save.

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Answered: Jon Ferguson on November 29, 2021

Look at this blog https://consulesolutions.com/comprative-incomestatement-balancesheet/

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Answered: Prabodh Kadam on March 23, 2023

See more answers (2)

Your answer

Question on: NetSuite

How do I better organize my information? And why is the data relayed quirky?

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Organize what information? For what purpose?

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