Understanding Milestone Billing Lines

When you define a contract billing line for milestone billing, your company agrees to bill the customer only after you reach a specific milestone or complete a billing event in the course of a job.

This pie chart illustrates the setup of a milestone billing line:

When you set up a contract billing line for milestone billing, the system supplies the:

• Tax explanation, tax or geographical area, job, and accounts receivable company based on the contract master.

• Accounts receivable offset based on the owner address information.

• Revenue account from the AAI BC04 for milestone billing.