underbilling
Invoicing too little
Underbilling is charging less than the full amount owed, whether by mistake or design.
A contractor who underbills a client may later need to submit a corrected invoice.
In professional services, underbilling often results from failing to track all billable hours: The audit revealed years of underbilling that cost the firm thousands.
Error in estimation
- oversightSupervision or inadvertent omission
- underchargeBill below proper amount
- discrepancyDifference between expected and actual
- inaccuracyLack of precision
underestimation · omission · underreporting · understatement · undercounting · misstatement
Failure to reach quota
- deficitAmount still owed
- underpaymentInsufficient wages rendered
- arrearsOverdue financial obligations
- write-offRecorded value reduction
receivables · adjustment · reconciliation · audit · correction · reimbursement · collection
Itemized billing statement
- clientOne who hires professionals
- feesCosts for services
- servicesActs performed for others
- rateMeasured speed or charge
retainer · hourly · consulting · legal · medical · accounting · contractor · freelance
Intentional criminal trickery
- integrityMoral soundness and consistency
- transparencyState of being see-through
- accountabilityObligation for one's actions
- complianceAdhering to requirements
disclosure · intentional · negligence · malpractice · misrepresentation · regulatory · fiduciary
miscalculation
Error in estimation
- oversightSupervision or inadvertent omission
- underchargeBill below proper amount
- discrepancyDifference between expected and actual
inaccuracy · underestimation · omission · underreporting · understatement · undercounting · misstatement
shortfall
Failure to reach quota
- deficitAmount still owed
- underpaymentInsufficient wages rendered
- arrearsOverdue financial obligations
write-off · receivables · adjustment · reconciliation · audit · correction · reimbursement · collection
invoice
Itemized billing statement
rate · retainer · hourly · consulting · legal · medical · accounting · contractor · freelance · timesheet
fraud
Intentional criminal trickery
- integrityMoral soundness and consistency
- transparencyState of being see-through
- accountabilityObligation for one's actions
compliance · disclosure · intentional · negligence · malpractice · misrepresentation · regulatory · fiduciary
underbillingoverbilling
Charging beyond what's owed
overcharging · gouging · price gouging · overassessment · overestimating
bill, bills, billing, billable, unbilled, rebilled, overbilled, rebill, rebilling