For each project, phase, or task, you can specify billing limit terms, also called upset limit terms. An upset limit is a maximum amount above which Vision cannot bill.
On the Misc tab of the Billing Terms form, you select a Limit Method for the project, then enter limits for one or more categories of billings: Fee, Labor, Consultant, Expense, Add-on, and Unit.
If a limit has been exceeded, billings still appear on the invoice. An adjustment line, which offsets the amount by which the current billings exceed the limit, appears in the Billing Limits section of the invoice. The adjustment will never exceed the current billings, even if the limit has been reset to be below the previously billed amount.
Note that if you have set upset limits for a phase or a task from the Billing Terms Misc tab for the phase or task, and you want these limits to appear on the invoice, you must select the
Limits by Phase or
Limits by Task option on the appropriate Sub-Level Terms tab. (To display limits by phase, select the Sub-Level Terms tab from the project-level Billing Terms. To display limits by task, select the Sub-Level Terms tab from the phase-level Billing Terms).
Billing Limit Methods
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Limit Method
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Summary
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No Limits
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No upset limits are applied.
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Aggregate Limit
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Vision limits the job-to-date billing amount to the total of the entered limits. Current charges in excess of this total are not billed.
Vision includes all entered limits in the total limit, whether or not there are associated billings on the invoice.
Vision displays the total billings, total limit, aggregate adjustment, and remaining limit in the Billing Limits section of the invoice.
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Individual Limits
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You enter limits for one or more categories of billings; for example Fee Limit or Labor Limit. Vision limits the job-to-date billing amount for each category that has an established limit, to the limit that you enter. Vision does not bill current charges in excess of this limit.
Vision displays the billings, limit, adjustment (if required), and remaining limit for each labor category (for which a limit has been established) in the Billing Limits section of the invoice. Categories appear if a limit has been established, whether or not there are billings for the category.
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Print indiv - calc aggregate for sections with limits
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You enter limits for one or more categories of billings; for example Fee Limit or Labor Limit. Vision limits the total job-to-date billing amount for the categories that have established to the total of the entered limits. Current charges for categories without established limits are not billed.
Vision includes all entered limits in the total limit, whether or not there are associated billings on the invoice.
Vision displays the billings and limits for each billing category for which a limit has been established in the Billing Limits section of the invoice. Categories appear if a limit has been established, whether or not there are billings for the category. The total billings, limit for the categories, overall adjustment (if required), and total remaining limit also appear in the Billing Limits section.
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Print indiv - calc aggregate all sections
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You enter limits for one or more categories of billings; for example Fee Limit or Labor Limit. Vision limits the total job-to-date billing amount to the total of the entered limits. Current charges in excess of this total are not billed.
Vision includes all entered limits in the total limit, whether or not there are associated billings on the invoice.
Vision displays the billings and limits for each billing category (for which there are job-to-date billings and/or a limit has been established) in the Billing Limits section of the invoice. The total billings, the total of the established limits, the overall adjustment (if required), and the total remaining limit also appear in the Billing Limits section.
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