Understanding Progress Billing Lines

When you define a contract billing line for progress billing, your company agrees to bill the customer only after you reach a specific percentage of completion of work in the course of a job.

This bar graph illustrates the setup of a progress billing line:

When you set up contract billing lines for progress billing, the system supplies the:

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

• Accounts receivable offset from the owner address information.

• Revenue account from the AAI BC05 for progress billing.