Percent Complete Method

When you specify the Percent Complete method, the system calculates the invoice amount as:

• Percent Complete = Actual Cost-To-Date ÷ Projected Final Cost (inception-to-date)

• Invoice Amount = Percent Complete × Schedule of Values

• Current Invoice Amount = Invoice Amount − Prior Billed Amount

  Schedule of Values is stored in the billing line details portion of a contract. Actual Cost-to-Date is located in the AA ledger. Projected Final Cost is located in the HA ledger.