Bill by progress, sync QuickBooks jobs, and report by project in Hive Finance

Feature overview

New in Hive Finance:

• Progress billing. Bill a proposal line by percent complete. Each billing run asks for percent complete × the line total, less what's already been billed. The percentage is either reported each period on the project or based on hours burned against budget.
• QuickBooks project ↔ job sync. Link Hive projects to QuickBooks jobs, or have Hive create the jobs for you. QuickBooks costs and revenue on a linked job show on the project. Hive never deletes a QuickBooks job.
• Line coding by project and dimension. Tag journal lines, invoice lines and fixed assets with a project and dimensions such as department, office or class. Then filter Profit & loss and GL detail by them. Customer profitability now attributes costs through each project's client.
• Year-end view. Mark equity accounts like owner distributions as Closes at year-end. The balance sheet and trial balance then show the current fiscal year, with earlier years rolled into Prior years' earnings.
• Monthly budget snapshots. Save a month-end record of each project's budget against actual spend, captured on the 11th of the following month.

Where to find it

• Progress billing: proposal → Terms → Billing column. Report progress from the Progress billing card on the project Overview.
• QuickBooks jobs: Finance → Settings → Connections → QuickBooks, or Edit project → CRM → QuickBooks job.
• Line coding: Finance → Settings → Dimensions, then the Project and dimension pickers on each line.
• Year-end: Chart of accounts → an Equity account → Closes at year-end.
• Budget snapshots: Settings → Apps → CRM → Save monthly budget snapshots.

Who it helps

Finance teams and agency leaders who bill against milestones and progress, report by project or department, and keep QuickBooks in sync.

Bill by progress · Sync Hive projects with QuickBooks jobs · Code ledger lines by project and dimension · Year-end equity · Monthly budget snapshots