Deltek Vantagepoint Help

Using the Help Search
Using the Help Search
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    Ex."system administration"
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For more information:Searching Online Help

Billing Phases

Use billing phases to subdivide a project for billing purposes only, rather than to track expenses and revenue. Billing phases are user-defined billing components, defined on the Fees tab of the Billing Terms form.

You can divide a project into an unlimited number of billing phases. You then use these billing phases to bill the client, based on the percent of work completed in that billing phase. You can bill for lump sum or fixed-price contracts. You can also bill flat, stipulated fees.

When billing is based on billing phases, the total contract fee is the sum of the billing phase amounts.

The billing phases that you use to bill fee-based contracts are not necessarily the same phases used in your work breakdown structure. Billing phases should not be confused with WBS level phases or labor code phases.

If you want to bill by phases just one time, you can insert the billing phases on the Fees tab in Interactive Billing.

You can post a project’s billing phase fees to another sub-project, phase, or task, without manually adjusting the invoice. Where you can direct the postings depends on the project:

  • If a project is the main project in a billing group, you can post billing phase fees to the most granular work breakdown structure level (project, phase, or task) of any associated sub-project.
  • If the project is not the main project in a billing group, you can post billing fees to the most granular WBS level (phase or task) of the project itself.