Update Prior Fee Billings in Billing Terms

You can update prior fee billings manually in a project's billing terms.

Prerequisite: You must set the Override Prior Fee option to Yes on the Fee form in Settings > Billing > Fee. This allows you to manually enter prior fee billings, rather than having Vantagepoint calculate them based on actual postings.

To modify the prior fee billing amount in a project's billing terms:

  1. In the Navigation pane, select Hubs > Projects > Billing Terms.
  2. On the Billing Terms form, select a project.
  3. Click the Fees tab and enter fee terms, if they are not already established for the project.
  4. On the Fees tab, enter the prior fee billing amount in one of the following ways:
    • If the project does not have billing phases, enter the amount in the Prior Fee Billing field in the Fees grid.
    • If the project has billing phases, go to the Fee Billing Phases grid, and enter the appropriate amount in the Billed-to-date field for each phase.