Generate Charges for Partial Periods

This feature permits a user to generate charges for incomplete periods. For example, a user wants to charge a customer $1000 a month on the 1st of each month. But a one month contract was signed on the 15th which means that the customer needs to be charged $500 for the current month and $500 for the next month.

This feature is used to create fractional charges for incomplete periods.

Charges for incomplete periods settings.

This feature works for:

Project > Financials > Billing Rules (fixed fee on date or milestone)
Project > Financials > Revenue Recognition Rules (fixed amount on date or milestone rule)

Important:

This feature is not designed to work with the repeat for X number of instances option.

To enable this feature, contact OpenAir Customer Support.