Using Advance Billing

As a Head Contractor, you can use Advance Billing to bill for an amount greater than 100% of a line of your contract. You can also use it to bill for a negative amount on self-performed line on a claim.

If Advance Billing is selected on the HC Project Information section on the Project Settings page, the Enter Progress Claim page shows all the line items, including subcontracted line items.

If both Advance Billing and Open Book settings are selected, the View Period Request screen includes advanced billing from Prime Subcontractors (once the Prime Subcontractor's progress claim is received).

See the Enter Progress Claim and View Period Request topics.

Why Use Advance Billing?

To receive more money at the beginning of the project
To see all the Work Breakdown (WB) lines when claiming (even lines that are 100% subcontracted out)
To easily account for Subcontractor claims—even if the Subcontractor does not claim for the current period or submits a claim late
To create Owner billings

Next: Configuring Owner Funding Settings