Billing and Multicompany

When you enable the Multicompany feature, you select configuration settings for the Billing application on a company-by-company basis. For example, you establish default billing terms at the company level.

All Projects Get Billed

During invoice processing, Vision includes for billing all projects owned by the active company. This is true even if the active company does not own all of the phases or tasks below these projects in the work breakdown structure (WBS).

Intercompany Billing

You can also generate invoices, payments, and receipts to support arm's length intercompany transactions and simultaneously generate a document trail for them.

Related Topics:

  • One Project with Multiple Owning Companies
    With the Multicompany feature, one company can own a project, while other companies own one or more phases or tasks within that project.
  • Billing Groups
    You create billing groups so that you can bill several projects together on one invoice. This feature is useful if you have multiple projects for the same client and the client wants to receive one invoice for all of the projects.
  • Batch Billing, Billing Terms, and Default Billing Terms
    For Batch Billing in a Multicompany environment, you establish both billing terms and default billing terms for each company.
  • Refresh Billing Extensions
    Vision determines billing and cost rates for project reporting at the time of posting. When you post a transaction, Vision looks at the applicable billing terms to determine billing rates for project reporting purposes.
Parent Topic: Multicompany Overview