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 asCloses 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→Billingcolumn. Report progress from theProgress billingcard on the project Overview.
- QuickBooks jobs: Finance → Settings → Connections → QuickBooks, orEdit 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.