A/R Invoice Type

The type of details that appear on an invoice depends on the invoice type.

• Summary invoices include just enough information to update your receivables records and general ledger revenue account. You use summary invoices if you do not need to update inventory items. Project and Job Costing produces summary invoices for all cost plus projects and for all fixed price projects that use the completed project and project percentage complete accounting method.
• Item invoices include details about items. They update receivables records as well as the revenue, inventory, and cost of goods sold general ledger accounts.

Project and Job Costing produces item invoices for all time and materials projects. You can choose whether to produce item invoices or summary invoices for a particular fixed price project if it uses the billings and costs or accrual-basis accounting method.

You can create a worksheet that includes either type or both types.