Back to the glossary overview

Accounting period in the craft - definition and meaning

The billing period in the skilled trades refers to the period in which services and materials provided are billed. This period varies depending on the company and Job and can also be referred to as the billing period or billing interval. During the billing period, all services rendered are documented, checked and invoiced. It is of great importance that the billing period is observed precisely and regularly to ensure steady liquidity of the operation and to avoid delays in payment. Careful planning and execution of the billing period is therefore essential to support successful business development.