Billing Default Billing Terms Settings

Default billing terms can help you save time setting up billing terms for each new project.

You define default billing terms in Settings > Billing > Default Terms. For example, if your company performs mostly time and materials projects, you can establish default billing terms that reflect your time and materials billing practices.

After you define default billing terms, when you set up billing terms for a new project on the Billing Terms form in Hubs > Projects > Billing Terms, the form prefills with the default billing terms from Billing Settings. You can change the prefilled billing terms as needed for a project.

When you define default billing terms, you cannot specify client name or address information or phase or task billing terms. These billing terms are defined on a project-by-project basis.

Changes made to in Default Billing Terms does not affect the billing terms of projects whose billing terms are already defined. Changes are used as default entries going forward for new projects that are created after the changes are made.

Multiple Companies

If you use multiple companies, you must set up default billing terms for each company.