Sales invoices
Income register
What are our sources of income? Income is counted when work is billed, excluding VAT. Advances are cash in, but not income until the work is done.
September income
AED254,800
15.4%vs Aug 301,200
Year to date, Jan–Sep
AED2,046,300
Average 227,367 a month
From progress billing
74.8%
190,700 of 254,800 in September
Work in hand, still to bill
AED987,400
6 active projects · about 4.3 months of billing
September income by source
AED 254,800 · 10 income lines on 9 invoices254,800AED, excl. VAT
Progress billing (IPAs)190,70074.8%
Variations (VOs)28,40011.1%
Small works & maintenance35,70014.0%
Progress bills3TS-26-014, 016, 017
Approved variations2VO-02 and VO-01
Small jobs5Average AED 7,140
VO-03 (AED 12,750) is billed only after Gulf Horizon approves itVariations
Income by project
September · work billed, before retention and advance recoveryOne client, Gulf Horizon, brought 45% of September income
Income by month, 2026
AED thousands · year to date AED 2,046,300IncomeLoss months (income below costs)
Year to date2,046,3009 months
Monthly average227,367Break-even is about 226,000
Best month301,200August
Weakest month142,600May, no new project started
September income entries
Each line is linked to its invoice and project code| Invoice | Date | Client | What was billed | Income (AED) |
|---|---|---|---|---|
| Progress billing · 3 lines · AED 190,700 | ||||
| INV-TS-26-0084TS-26-017 | 10 Sep | Urban Threads Trading | IPA-01, work to 20% of 214,000 | 42,800.00 |
| INV-TS-26-0087TS-26-014 | 25 Sep | Gulf Horizon Properties | IPA-02, work from 30% to 55% of 386,000 | 96,500.00 |
| INV-TS-26-0088TS-26-016 | 28 Sep | Al Noor Medical Centre | IPA-02, work from 40% to 80% of 128,500 | 51,400.00 |
| Variations · 2 lines · AED 28,400 | ||||
| INV-TS-26-0086TS-26-016 | 15 Sep | Al Noor Medical Centre | VO-01, extra frameless glass door | 9,800.00 |
| INV-TS-26-0087TS-26-014 | 25 Sep | Gulf Horizon Properties | VO-02, glass partition & door, Meeting Room 3 | 18,600.00 |
| Small works & maintenance · 5 lines · AED 35,700 | ||||
| INV-TS-26-0083Small works | 8 Sep | Private client, Al Wasl Road | Villa shower glass | 9,450.00 |
| INV-TS-26-0085Small works | 14 Sep | Atlas Logistics FZE | Extra glass partition | 7,830.00 |
| INV-TS-26-0089Small works | 29 Sep | Cedar Interiors | Glass repair, villa project | 7,350.00 |
| INV-TS-26-0090Small works | 30 Sep | Al Hamra Real Estate | Mirrors, show apartment | 5,880.00 |
| INV-TS-26-0092Small works | 30 Sep | Palm Tower FM | Door closers, 6 doors | 5,190.00 |
| 254,800.00 | ||||
Not income: INV-TS-26-0091, the AED 44,700 advance from Spice Route (1 Oct). It is released as TS-26-020 is billed.
Advances: cash in, not income yet
Held as a liability and recovered from each progress bill| Project | Advance | Not yet recovered (AED) |
|---|---|---|
| TS-26-020 · Spice Route HospitalityPDC #445201 dated 15 Oct · starts 12 Oct | 15% of 298,000 · 15% recovered per IPA | 44,700 |
| TS-26-018 · Mr. Daniel BrooksReceived 10 Sep · Villa 23, Arabian Ranches 2 | 20% of 76,800 · recovered on the completion bill | 15,360 |
| TS-26-014 · Gulf Horizon Properties38,600 received Aug · 21,230 recovered so far | 10% of 386,000 · 10% recovered per IPA | 17,370 |
| 77,430 |
Counting advances as income would have overstated October by AED 44,700.
Repeat vs new clients
September income by client type
Repeat 135,47053%
New 119,33047%
Came back
Gulf Horizon Properties115,100
Atlas Logistics7,830
Cedar Interiors7,350
Palm Tower FM5,190
First job with us
Al Noor Medical Centre61,200
Urban Threads Trading42,800
Private client, Al Wasl9,450
Al Hamra Real Estate5,880
Keep Gulf Horizon close
They brought 45% of September income and their Level 14 fit-out (Q-TS-26-057, AED 412,000) is in negotiation. Meeting on 9 Oct.