Financial Statements are intended for sending out client invoices, billing the client, and creating a bank draw.
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​The Financial toolbar and summary

-Plus sign will create a new statement
-Edit icon lets you edit any current statements
-Trash bin lets you delete a statement
-Comments icon lets you send out a comment via email related to the selected statement
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-The FINANCIAL SUMMARY section outlines the current contract amount, approved change orders, revised contract amount, and any payments made by the client

-Creation Method to the right will let you create new statements based on Budget Categories, Overview, or Based on Invoices 

-Based on Invoices: lets you bill the client based on subcontractor bills received to date

-Based on Budget Categories: lets you bill based on individual cost codes from the budget

-Based on Budget Overview: lets you bill based on the contract total

Creating a new statement will display the page below 

Within the first tab (Statement) fill in the title of this statement and your description

Go to the 2nd tab (Details) to choose how much to bill:

Note: you can bill based on percentages or based on a fixed amount as seen in the screenshot above

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Any new financial statement is sent via email to all clients of a project. You won't see a recipients field as by default these are delivered to the clients of the related project.
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​Note: notifications can still go out for a client that has been placed in a restricted permissions group as this only affects their access, not their ability to receive email

For examples of what this and other client notifications look like please see our related article on Client Notifications.

For further help or questions please contact Support