Methods for Calculating Billing Amounts
You can use Billing to calculate billing amounts using different methods. For example, you can use Upset Limits to set "not-to-exceed" amounts for labor or expenses.
You can apply these methods in the following ways:
- At the project level for a project with or without phases or tasks
- At the phase level for a project with or without tasks
- At the task level
- To a group of projects related through billing groups
| Method | Description | Tab on Billing Terms Form |
|---|---|---|
| Fee Billing | Use this method to establish how the fee is to be calculated, whether the fee is based on percent complete billing or a fixed fee, and whether you are billing by billing phase or as a lump sum. | Fees tab |
| Labor Billing | Use this method to establish how your employee's labor is billed, both how it is calculated and how it is formatted. For example, you can bill at cost, times a multiplier, or by using a labor rate table. | Labor tab |
| Consultant Billing | Use this method to bill reimbursable consultants, with or without markups, either by account, vendor, user-defined categories, or combined with other reimbursable expenses. | Exp/Con/Unit tab |
| Expense Billing | Use this method to bill other reimbursable expenses, with or without markups, either by account, vendor, or user-defined categories. | Exp/Con/Unit tab |
| Unit Expense Billing | Use this method to bill unit expenses, with or without a markup, or at a billing rate. | Exp/Con/Unit tab |
| Add-On Fee Billing | Use this method to apply a markup on any combination of fees, labor, consultant, reimbursable, unit, or add-on fee amounts. | Add-Ons tab |
| Retainage Billing | Use this method to hold a portion of the invoice for billing at a later date. | Misc tab |
| Invoice Override Accounts | Use this method to override the revenue accounts specified in Billing Setup. | Misc tab |
| Upset Limits | Use this method to set not-to-exceed amounts on labor, consultant, reimbursable, units, and/or add-on fee amounts, either individually or in aggregate. | Misc tab |
| Interest Billing | Use this method to apply interest on overdue amounts, using a specified rate and number of days. | Misc tab |
| Tax Billing | Use this method to apply up to three predefined sales taxes (from an unlimited list) to the invoice total. | Misc tab |
| Scheduled Billing | Use this method to establish milestone dates that, when reached, trigger the automatic generation of an invoice. | Fees tab |