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A billing type is a method for handling billing that reflects the contractual agreement with the client. Billable billing types available in Ajera are Time & Expense and fee-basedThe project or phase is contracted to bill for the value of the work performed, not for the actual time and expenses expended. These projects or phases are identified with a billing type of Fixed Fee, Percent Complete, Unit Price, or Percent of Construction Cost., which includes Fixed Fee, Percent Complete, Unit Price, and Percent of Construction Cost.
Different information is printed on an invoice depending on the billing type of the project. For example, a Time & Expense billing type prints actual transaction detail, and a fee-based billing type prints an amount to bill that may not be based on actual work performed. An invoice can contain both types of billing.
When you set up a project and select a billing type, you indicate the way the client is billed according to the contract. You can change the billing type at any time during the project lifecycle.
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