Billing Rates For Reporting Settings

Use Reporting Default Terms to define billing terms to use when you generate project reports at billing rates (as opposed to cost rates). You can enter different default billing terms for your regular and overhead projects.

When you define reporting default terms, you cannot specify address information or task billing terms. These billing terms are only allowed on a project-by-project basis. Otherwise, the information that you enter on the Rates for Reporting form is the same information that you enter on the Billing Terms form.

When you enter default reporting terms for regular projects, Vantagepoint displays the project number as <R> and the project name as Regular Projects. These values cannot be modified.

When you run Revenue Generation for projects with any method that contains WIP @ Billing calculations , you should select Use reporting rates for billing rate based calculations in the Calculation section of the Revenue Generation form in Accounting > Revenue Generation. Vantagepoint uses the default reporting billing terms defined for regular projects (<R> terms) if a project does not have its own billing terms defined. See the Revenue Generation online help for more information.

If you have multiple companies, you must set up reporting default terms for each company.