Defining Billing Events for Milestone Billing
Access the Milestone Billing Line Revisions form.
- Event Name
Enter the name, number, or other identifier of the event for the milestone/progress billing percentage.
- % Sched (percent - schedule of values)
Enter a value indicating the percent complete of the contract billing line in relationship to the schedule of values.
The total of the % Sched field for all rows that you complete must equal 100 percent.
- Milestone Amount
Enter a number that identifies the amount that the system will add to the account balance of the associated account number. Enter credits with a minus sign (–) either before or after the amount.
- Estimated Date Complete
Enter the estimated date for completion of this milestone or progress event.
- Seq No (sequence number)
Enter a number to specify the sequence of information.