Invoicable

Invoicable describes something that is eligible to have an invoice issued for it, signifying that a payment is due for goods, services, or expenses rendered. It pertains to transactions where a financial claim can be formally presented, typically detailing the itemized costs and payment terms. This adjective highlights the readiness of a transaction to be billed, signifying the completion of a deliverable or the accrual of costs under an agreement, thus prompting the creation of an invoice for payment.

Invoicable meaning with examples

• The consulting hours were invoicable after the project's final report submission. The project manager ensured all billable items were documented and tracked. Following approval of the completed work, the project team prepared all the necessary information. This ensures the client is aware of the services they are paying for and how they are billed. The consultant quickly compiled all invoicable hours.
• After the construction company finished building the new house, the materials and labor costs became invoicable. The builder prepared the invoice for the client. The invoice provided a breakdown of the work carried out and its respective costs. Both parties reviewed the document carefully and clarified all payment terms to ensure the process was clear and transparent. The last step was sending the invoicable document to the client.
• The software development team knew that all completed tasks became invoicable at the end of each sprint. They documented all hours worked and the features completed during the sprint. This helped ensure that their clients were accurately billed for the work that had been done. The project manager was prepared to provide all of the necessary information. The team sent their invoicable hours at the agreed upon time.
• The freelance graphic designer knew their design work was invoicable upon client approval. The designer kept a careful log of their time spent. Then the designer detailed all the changes and modifications made to the project. This allowed the freelancer to bill them accurately. Both parties signed off on the design, and then the invoicable time was sent. The freelancer used clear invoicing software.
• All reimbursable travel expenses, like flights and hotels, are invoicable at the end of the month. The employee submitted their expense reports and their receipts. The accounting department verified that all travel costs were correct. This helps keep clear records for budgeting and financial planning. The accounts department prepared the invoicable amount to send to finance. The organization used a travel expense management system.