Example 1
In this example, you set up a fee billing line using the percent of cost method and you do not select the Cumulative check box. You generate one invoice, change the percentage, and then generate a second invoice.
This table describes how the system calculates the fee amount for the first invoice:
Percentage |
Accumulated Invoice Amounts |
Calculation |
Fee Amount |
---|---|---|---|
15 |
600.00 USD |
600 x .15 |
90.00 USD |
This table describes how the system calculates the fee amount for the second invoice after you change the percentage:
Percentage |
Accumulated Invoice Amounts |
Calculation |
Fee Amount |
---|---|---|---|
20 |
800.00 USD |
800 x .20 |
160.00 USD |