Bill Fee-Based Contracts Using a Billing Schedule

Use the Scheduled Billing feature to invoice fee-based projects based on scheduled invoicing dates and percent completes or dollar amounts.

You must enable the schedule billing feature on a project's Billing Terms form before you can bill a fee-based contract using a billing schedule.

To bill a project based on a billing schedule, complete the following steps:

1. From the Vision Navigation menu, click Billing > Billing Terms.
2. On the Billing Terms form, click the Fees tab.
3. Open the project that you want to bill based on a billing schedule.
4. Select a method from the Fee Method field.
5. Complete the information on the Fees tab. Different options appear depending on your selection in the Fee Method and Fee Basis field. See the descriptions of the fields on the Fees tab for information about how selections in the Fee Method and Fee Basis fields affect options on the Fees tab.
6. Click Insert on the Scheduled Billing grid to add a milestone. You can also create a new milestone by copying and modifying an existing milestone.
7. Complete the information on the Scheduled Billing grid. If you enter two or more milestone rows on your schedule with the exact the same information (for example, the same date, the same amount or percent complete), this information displays twice on the invoice when the invoice is generated based on the date.
8. Click Save.