Billing Terms and Labor Cross Charge

If you select Calculate from Billing Terms in the Rate Method field on the Labor Options settings form, each project/phase/task's billing terms is used to calculate the journal entry amount to transfer a labor or other amount.

If no billing terms are specified for the project/phase/task, Vantagepoint uses the billing terms marked Use as Project Reporting Default Terms Only in Hubs > Projects > Billing Terms.

Otherwise, Vantagepoint uses the global project default billing terms specified in Settings > Billing > Default Terms.

The Billing Terms Rate Method, like the Multiplier Rate Method, is a global setting. You can override this setting at the organization or project level.