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Learn more on the different concepts of billing terms and how projects are billed and reflected on invoices.
- Related Topics:
- Default Billing Terms
Set up default billing terms to save time entering billing terms for your projects in the Billing application or in the Projects hub. - Default Project Reporting Billing Terms
Set up default project reporting billing terms to determine how data is posted when you generate project reports at billing rates versus cost rates. - How Vantagepoint Determines Which Billing Terms to Use
Vantagepoint uses the billing terms established at the most granular WBS level that exists for the project. If you have not entered terms for that level, or if you have chosen to consolidate printing at a higher level, Vantagepoint uses the terms entered for the next higher level, or the level at which the terms were consolidated. - Methods for Calculating Billing Amounts
The Billing application provides numerous ways to calculate billing amounts to accommodate different contractual arrangements. You can select from multiple methods for billing fees, labor, and different types of expenses. You can also apply limits above which a component will not be billed. - Billing Terms Changes and the Invoice Approval Process
If you use invoice approvals for billing invoices and you make changes to the billing terms for projects that have approved, submitted, or rejected invoices in progress, the billing terms changes are not applied to these invoices. - Printing Billed-to-Date Amounts on Invoices
You can print billed-to-date amounts (cumulative billings) on your invoices. - Printing Outstanding Accounts Receivable on Invoices
You can print outstanding accounts receivable amounts on your invoices. - Rates Billing Terms
Rates billing terms control the way that Vantagepoint calculates and displays charges for labor, consultant, expenses, and units on a project's invoice. - Fee Billing Terms
Fee billing terms control the way that Vantagepoint calculates and bills clients for project-related fees. Some contracts let you bill clients for professional fees, in addition to or instead of billing for labor and expenses. - AR and BTD Billing Terms
Use the AR & BTD tab of the Billing Terms form to specify the accounts receivable information and billed-to-date information that you want to include on invoices. - More Calculations Billing Terms
A number of billing options, including add-on fees, tax, upset limit, and retainage options, are grouped together on the More Calculations tab of the Billing Terms form. - Phase or Task (Sub-Level) Billing Terms
If your project has phases or phases and tasks, a Sub-Level Terms tab appears on the Billing Terms form. These settings determine how the phase or phase and task-level information is calculated, presented, and posted, and determine whether or not phase or task level terms can be defined for the project. - Billing Backup Report and Billing Terms
The Billing Backup report provides the full transaction detail behind an invoice. - Pre-Invoices
Use the Pre-Invoices feature to produce billing invoices that are "requests for payment," which are not recorded in the general ledger.
Parent Topic: Billing Terms