Key concepts in billing
Overview
You will learn some terminology and important accounting concepts that will help as you set up your billing workflow in Ajera.
To learn about more concepts and general processing in Ajera, be sure to see How Ajera Works.
Billing type
Concept |
Description |
Where does it come from? |
---|---|---|
Time & Expense Fee-based |
The method for handling billing, which must meet the contractual agreement with the client. Billable billing types available in Ajera are Time & Expense and fee-based types including Fixed Fee, Percent Complete, Unit Price, and Percent of Construction:
Different information is printed on an invoice depending on the billing type of the project. For example, a Time & Expense billing type prints actual transaction detail, and a fee-based billing type prints an amount to bill that may not be based on actual work performed. |
The billing types are in Ajera by default and cannot be changed. When you create an invoice format in When you set up a project in |