Quiz: Key concepts in billing

This is a true/false quiz.

Click the statement to see the answer.

1. You can change the billing types that are available in Ajera.

   False. These are standard billing types and you cannot change what is available in Ajera.

2. A standard rate is the same as a flat rate.

   True. A standard rate is a set rate, with no markups, that is used to bill the client for services performed or goods delivered. You can enter these into the exceptions table of a billing rate table in Setup > Billing Rate Tables or in Setup > Activities for a unit-based expense (for example, mileage or copies).

3. Invoice formats require a billing type. So, when you set up a project, you must select an invoice format, but you do not need to select a billing type.

   False. When you set up a project in Setup > Projects, you must also select a billing type. In this way, you indicate the way the client is billed according to the contract. You can select a different billing type any time during the project lifecycle.

4. With a pass-through cost, no labor, expense, or consultant markups are applied; only the cost rate is billed.

   True. You create a pass-through cost by selecting the Pass Through check box in the exceptions table of a billing rate table in Setup > Billing Rate Tables.

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