Project Billing Features and Functions
Project billing functionality give managers flexibility when editing and creating billing details, for instance by determining which rates, dates, services, and expenses to include, as well as by setting the other terms by which each particular project is to billed.
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- Multiclient billing and invoicing
- Creation of project billable rates
- Lock down of projects and tasks as billable and non-billable
- Ability to set individual billable hourly targets
- Setup of billing details, including customer information and billing cycles
- Definition of billing methods types for different projects
- Control of billing by top tasks
- Definition of customers by top tasks
- Multiple currencies
- Definition of currency conversion
- Creation of agreement templates
- Funding at project and task levels
- Revenue accrual based on reimbursables, time, and materials
- Revenue accrual for multiple projects
- Calculation of potential revenue by percentage
- On-line adjustment of revenue accruals
- Management of task billing on a time or fixed price basis
- Project billing that is linked to project milestone completion
- Project billing that is linked to schedule-based project progress
- Project billing that is linked to time and materials
- Project billing that is linked to the percentage of the project that is complete
- Acceptance tracking and billing
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Financial Management, Budgeting, Costing, and Billing Features and Functions
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