At a glance: With Socket, there is no need to update repeating invoices, raise one-off invoices, or make changes across multiple systems. When you update the proposal (and you should be updating your proposals to prevent scope creep & missed revenue), the rest of the workflow adjusts accordingly. The proposal becomes your billing source of truth.
In Socket, everything’s driven by the proposal. Proposals aren’t just signed and forgotten, they’re the source of truth for your billing, and they automatically feed into the rest of your workflow.
In many setups, billing gets out of sync with the agreed scope of work, especially when changes happen mid-engagement. Socket solves that by tying billing directly to the proposal itself. When the proposal is updated, everything downstream reflects it.
That means no more repeating invoices in Xero or QBO, or raising manual invoices each month. And, no risk of billing out-of-sync with the agreed proposal.
How Socket’s Features Stack:
Proposal moves to Won status - The client signs the proposal, locking in the scope, pricing, and terms at that point in time.
Start date confirmed - You confirm when the work officially begins and when it’s billed, and this date determines when billing kicks off.
Proposal moves to Active status - Once the start date arrives, the proposal is marked as active. This signals that billing should start.
Billing is triggered - Socket generates the relevant line items for the month based on your Active Proposals and the billing methods selected within these proposals, and these invoices reflect in your billing plan, ready to post into Xero or QBO.
Minor adjustments (when needed) - If the client’s scope, volumes, or fees change, you simply update the proposal. This automatically updates the core record that drives billing.
Billing continues - You don’t need to manually adjust future invoices. Socket takes care of posting the updated information through to billing, so everything stays aligned.
Xero or QBO stays up to date - The ledger is always working from the latest approved proposal. No need to touch repeating invoices or raise one-off invoices in your accounting software.
What You Don’t Need with Socket
No need to pre-schedule drafts to Xero or QBO.
No need to use repeating invoices, or manual updates in Xero or QBO.
No need to keep separate billing spreadsheets to track changes.