What is project billing?

Project billing is the process of tracking, documenting, and invoicing costs associated with a specific project. It involves monitoring project expenses, labor hours, and materials used, then generating invoices for clients based on agreed-upon terms. Accurate project billing ensures that all billable work is properly accounted for and helps maintain healthy cash flow for businesses. This process is crucial in industries like construction, consulting, and IT services, where projects vary in scope and duration.