Default Billing Terms
In , you can set up default billing terms to save time entering billing terms for your projects in the Billing application or in the Project Info Center.
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.
If your company performs a variety of projects, you can still use default terms to establish terms for similar groups of projects.
Default billing terms act as a template when you create billing terms for new projects. When you open a new project on the Billing Terms form, the form populates with these defaults. You can then modify the default values to suit the new project.
When you define default billing terms, you cannot specify address information or phase or task billing terms. These billing terms are defined on a project-by-project basis.
If your company has enabled the Multicompany feature, you establish default billing terms by company.