Using estimates in billing

Practice Manager only

Estimates are used to raise a bill for client work that has not yet been entered as WIP. They are also known as interim fees. An estimate essentially puts a credit against the total WIP amount. There is no write–off/on required.

Like a miscellaneous charge, you can apply an estimate against any client assignment (AE)/job (AO), regardless of whether there is any billable WIP against it.

In MYOB AE, estimates previously raised can be viewed in the relevant Misc/Est tab on the Assignment Details page.

An estimate is added at the time of billing from the Bill Amounts window. You can add an estimate automatically or manually through:

• The Bill Amounts > Create new estimate to complete window at the time of billing. Use this to create an estimate at the assignment/job level.

• The Bill Amounts window at the time of billing, using an automatic estimate. Use this to create an estimate at the more detailed employee and task level.

The system creates an automatic estimate when a bill amount is entered that exceeds the amount of available WIP. The estimate is raised on allocation of the bill and the credited (or negative) amount is then automatically allocated to further WIP as it is posted. The system alerts you when an automatic estimate is created, by populating the AE (Automatic Estimate) column in the Bill Amounts window with a warning

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