In this method we are billing the client based on the progress of the project. Create a project with the project group of fee type “Progress” and when the user opens the new fee management form, the line with fee type “Progress” will get automatically created. Once the user updates “Fee budget” then a corresponding fee forecast line will be automatically created on fee forecast form and also a billing rule will be automatically created on project contract form with the Fee budget amount.

Projects

New button Fee management is added on the Projects form to manage the functionality for projects along with subprojects.

Go to Project management and accounting > Projects > All projects > Fee management

Fee management

New form Fee management is added define fee amount for the projects which is used for forecast and billing.

Go to Project management and accounting > Projects > All projects > Fee management

Details of the fields available on the Fee management form are as follows –

Fields Description
Project ID Defaults from the selected project.
Project name Defaults Project name.
Fee type Defaults from the attached project group.
Fee budget Set this field to create fee forecast and billing rules.
% progress Set the percentage of work completed on the project.
Sales currency Defaults from the project.
Actual project revenue Set this field to default category on billing rule which is created based on fee management line.
% complete Not applicable for Fee type Progress billing.

Fee forecast

When the user defines Fee budget on the Fee management form, automatically fee forecast line with defined Fee budget amount will get created on fee forecast form.

Go to Project management and accounting > Projects > All projects > Fee forecast

Project contract

When the user defines Fee budget on the Fee management form, automatically billing rule line with defined Fee budget amount will get created on project contract form.

Go to Project management and accounting > Projects > Project contracts

Project invoice proposal

User defines the % Progress completed for the project on the fee management form, where system will automatically calculate the amount to be billed at the current state of the project.

Go to Project management and accounting > Projects > Project invoice proposal

Last modified: Apr 03, 2020

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