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Work you've done for your clients but haven't billed yet is called work in progress. In MYOB AccountEdge, work in progress is represented by activity slips for chargeable activities you haven't yet included on time billing invoices. Any activity slip that doesn't have $0.00 or 0 units left to bill is considered work in progress.
When you bill your clients on time billing invoices, your accounting records will reflect the sales transactions for the activities you've performed. From an accounting perspective, your clients owe you money as soon as an activity slip is recorded, even if you haven't billed them yet.
Activity slips are AccountEdge's records of work in progress, but they don't reflect the value of your work in progress automatically. Accounting entries are assigned to your linked accounts automatically when activity slips are billed on a time billing invoice. If your work in progress routinely represents a significant amount of money, you should consider adjusting your accounting records to reflect it.
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