Reference: Contract Line Types for Project Billing
Workday provides these project line types that you can
use to create customer contracts for project billing:
Contract Line Type
| How You Use It
| Billing Options
| Revenue Recognition
|
|---|---|---|---|
Fixed Fee Project
| Set the project value based on the scope and product when you create
the contract. |
|
|
Intercompany Time
| Set the worker rates between legal entities of global organizations for
intercompany time. | Intercompany transactions | |
Project Time and Expense
| Charge the project as you incur time and expenses. |
|
|
Value-Based Project
| The project value varies based on external factors. You bill your
customers on an ad hoc basis for time and expenses. |
|
|