Independent Contract Billing Lines

After you define the contract master information, you must define contract billing lines to generate invoices for your client. Contract billing lines specify the billing terms of the contract. You can set up independent and dependent contract billing lines. The billing line type determines whether the billing line is independent or dependent.

Independent contract billing lines include all of the information that the system needs to calculate a billing amount. You can use these billing line types to define independent billing lines on a contract:

• Lump sum

• Unit price

• Milestone billing

• Progress billing

• T and M and cost plus