How Vision Uses Default Billing Terms

Vision uses default billing terms or project default billing terms in multiple areas of Vision.

Project Reporting at Billing Rates and Refresh Project Billing Extensions Utility

When you run project reports, you can choose to report at rates or cost rates on the report's Options tab. When you run reports at billing rates, Vision uses default billing terms for projects without individual billing terms defined. Vision also uses these terms for a section (labor, expenses, consultants, or units) where a project does not have billing terms defined (for example, a "fee only" project).

Interactive Billing

Default billing terms are not used. You cannot preview or print invoices for projects without individual billing terms defined. If you select a project that does not have billing terms defined, you can view labor, expense, and unit detail cost amounts. However, all Interactive Billing toolbar button options are disabled, except Billing Session Options.

Batch Billing

When you run a batch of draft bills, the Use default terms for draft invoices option on the Batch Billing form allows you to use the Default Billing Terms for all projects without billing terms defined.

If this option is not selected, Vision does not print invoices for projects that do not have billing terms defined.

Final invoices will not use default terms for projects without billing terms defined.

Unbilled and Unbilled Summary Reports

When you select the Use Project Reporting Default Terms option on the Options tab for the Unbilled or Unbilled Summary Report, Vision uses the project default terms specified in Default Terms Configuration when creating the unbilled reports for projects without individual billing terms defined.

Revenue Generation (for Calculating WIP @ Billing)

The Use project reporting default terms for WIP @ Billing calculations option lets you calculate revenue with a revenue method that contains "WIP @ Billing" even for projects without individual billing terms defined (including fee only jobs). When your firm selects this option, Vision uses the project default terms for regular <R> projects if the revenue calculation requires "WIP @ Billing" and there are no individual billing terms set up for the project.