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Billing and engagements

Two ways to bill: keep money in MYOB AE, or bill in BMS.

For: Partners, billing admins

When your money stays in MYOB AE

  • How billing works when MYOB AE holds the moneyMYOB AE firmsBeing written

    BMS shows WIP, billed amounts and debtors exactly as MYOB AE has them; invoices stay in MYOB.

  • Unbilled WIP from MYOB AEMYOB AE firmsBeing written

    Aging buckets and the unbilled WIP table from the AE snapshot.

  • RealizationMYOB AE firmsBeing written

    Charged, written up, billed, written off and unbilled per client.

  • Debtors from MYOB AEMYOB AE firmsBeing written

    Aged debtors as MYOB AE has them.

  • Bank matching: match receipts from a bank statementMYOB AE firmsBeing written

    Upload a statement, review matches and download the receipts file for MYOB AE.

  • Export the WIP reportMYOB AE firmsBeing written

    Download WIP and debtors to Excel.

When you bill in BMS

  • Create draft invoices from unbilled workFirms billing in BMSBeing written

    Select clients on Unbilled and create drafts or a billing run.

  • Billing runsFirms billing in BMSBeing written

    Bill many clients together and close the run.

  • Approve, send and void invoicesFirms billing in BMSBeing written

    Invoice tabs Data, Presentation, Payments, Activity; Approve and Send.

  • Record a payment and apply creditFirms billing in BMSBeing written

    Manual payments, reversals and credits.

  • Credit notesFirms billing in BMSBeing written

    Write off or return work to unbilled.

  • Recurring billingFirms billing in BMSBeing written

    Fixed fees billed on a schedule.

  • Client statementsFirms billing in BMSBeing written

    A client's balance, overdue amounts and activity.

  • Finance: payments, payouts and accounting periodsFirms billing in BMSBeing written

    Where payments land and how periods close.

  • Invoice and email templatesFirms billing in BMSBeing written

    Layout, payment instructions and the invoice email.

  • Clients pay an invoice online by cardNeeds setupBeing written

    Pay Invoice in BMS for Clients through Stripe.

  • Direct debit from the engagement letterComing soon: Phase 3Being written

    Client accepts a direct debit when signing; BMS prepares the debit run for approval.

Engagements

  • Engagements and their statusesFirms billing in BMSBeing written

    Draft, Awaiting Client, Accepted, Active and Ended.

  • Create an engagement and add servicesFirms billing in BMSBeing written

    Services, pricing and connected work.

  • Send an engagement letter to signFirms billing in BMSBeing written

    Send to Client as an eSignature package, or Accept on Behalf.

  • Renew or end an engagementFirms billing in BMSBeing written

    Auto renew, opt in or out, and end.

  • Letter templates and service templatesFirms billing in BMSBeing written

    Reusable letter wording and the service catalogue.