"Restoration progress billing: reconcile work, invoices and cash"
"Source","https://bluefinchadvisors.com/tools/restoration-progress-billing-calculator"
"Basis","Planning scenario using entered values, not an industry benchmark or a quote."

"Inputs","Value","Unit"
"Original approved scope","40000","currency"
"Authorized additions","5000","currency"
"Completed-work value at this review","18000","currency"
"Total invoiced to date","15000","currency"
"Total cash received to date","12000","currency"
"Received cash applied to invoices","10000","currency"
"Direct job costs paid to date","9000","currency"

"Results","Value","Unit"
"Invoiced balance after applied payments","5000","currency"
"Completed work minus invoiced amount","3000","currency"
"Cash received but not applied","2000","currency"
"Cash received less paid direct costs","3000","currency"

"Calculation detail","Value","Unit"
"Original approved scope","40000","currency"
"Authorized additions","5000","currency"
"Current approved scope","45000","currency"
"Completed-work value entered","18000","currency"
"Invoiced to date","15000","currency"
"Cash received to date","12000","currency"
"Cash applied to invoices","10000","currency"
"Approved scope not yet invoiced","30000","currency"
"Direct job costs paid","9000","currency"

"Assumptions"
"Defaults describe one fictional project. They are not recommended billing percentages or a customer case."
"Use one cutoff date and a consistent before-tax basis. This snapshot does not model refund transactions, credit notes or retainage separately."
"Completed-work value is an entered management assessment. Formal earned revenue depends on the agreement and accounting treatment."
"Negative differences remain visible for review. The tool does not invent authorizations, auto-apply deposits or issue invoices."

"Result notes"
"Completed-work value is your entered milestone assessment, not a calculated accounting revenue-recognition figure."
"Cash applied is part of cash received. Do not add applied payments to total receipts again."
"A positive completed-minus-billed amount identifies work to review for billing under the agreement. A negative amount identifies billing ahead of entered completed work."
"Cash received less paid direct costs is a cash snapshot. It excludes unpaid costs, overhead and tax and is not profit."

"Sources"
"Intuit: set up and send progress invoices","https://quickbooks.intuit.com/learn-support/en-us/help-article/invoicing/set-send-progress-invoices-quickbooks-online/L0Ymm6WjR_US_en_US"
"California Bureau of Automotive Repair: Write It Right","https://www.bar.ca.gov/wir"