Reference: Project Billing Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Project Billing - Core

Supports creating billing processes for client-facing billable projects. The functionality provides the ability to:

Add administrative fees and attachments to invoices.

Adjust transaction amounts, rates, and hours for billing.

Bill and invoice time, expense, and supplier invoices for intercompany contracts.

Configure project milestones for billing and revenue events.

Create and configure prepaid installments.

Create and maintain customer contracts for project and non-project work, including Time & Expense, Fixed Fee, Value-Based, and Usage-Based contracts.

Create and review intercompany contracts.

Create billing schedules and installments.

Create invoice summary definitions for supplier invoices, expenses, hourly time blocks, and ad hoc transaction bills.

Create or schedule customer invoices from contracts.

Create revenue schedules and installments.

Log transactions against projects for expense reports, time blocks, supplier invoices, and ad hoc miscellaneous expenses.

Review billable project transactions for hourly time, daily time, expenses, supplier invoices, miscellaneous expenses, and usage-based.

Transfer transactions between projects.

Provides the ability to:

Create, edit, or copy contract rate sheets.

Create standard billing rates by worker or rules.

Price projects using billing rates and billing rate rules.

Supports the ability to accrue and post revenue when transitions occur. The functionality provides the ability to:

Recognize revenue based on transactions and installments.

Recognize revenue using various methods, such as accrued, deferred, or directly on invoices.

Review and recognize revenue using percent complete by hours or cost.