Example 3
In this example, you set up a fee billing line using the percent of cost method and you 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 for the first invoice:
Percentage |
Accumulated Invoice Amounts (current invoice) |
Accumulated Invoice Amounts (previous invoices) |
Fee Amount from Previous Invoices |
Calculation |
Fee Amount |
---|---|---|---|---|---|
15 |
600.00 USD |
0.00 USD |
0.00 USD |
((600 + 0.00) x .15) – 90.00 |
90.00 USD |
This table describes how the system calculates the fee for the second invoice, after you change the percentage:
Percentage |
Accumulated Invoice Amounts (current invoice) |
Accumulated Invoice Amounts (previous invoices) |
Fee Amount from Previous Invoices |
Calculation |
Fee Amount |
---|---|---|---|---|---|
20 |
800.00 USD |
600.00 USD |
90.00 USD |
((600 + 800.00) x .20) – 90.00 |
190.00 USD |