1. Projects
  2. Project Management
  3. Project Billing
  4. Charge-Based Project Billing
  5. Creating Charge-Based Projects

Creating Charge-Based Projects

Projects that generate charges as billable amounts use the billing type Charge-Based. When a project billing type is set to Charge-Based, you can create an individual charge rule on the project. Charge rules are related to project activities or inputs and create charge records. You can invoice charge-based projects individually or link them to Sales Orders for a combined invoice.

                                                                                                                                                                                                                                                   

To create a charge-based project:

  1. Create a new project record.

  2. On the Financial subtab, under Billing Information, select Charge-Based in the Billing Type field.

  3. Select a billing schedule.

    This billing schedule is only used to calculate sales forecast amounts.

    Note:

    You can't change the selected billing schedule if there are unbilled charges.

  4. Enter other project information.

    Important:

    On the Preferences subtab, it's best practice to enable the Create Planned Time Entries preference. This preference populates the Estimated Work field, which is used to calculate estimated labor revenue. Estimated labor revenue is used to calculate remaining charges for your project. If you don't enable this preference, your Charges Summary may report inaccurate totals for remaining charges.

  5. Click Save.

After you save the project, you can create charge rules to define how charges are calculated for the project.

Tip:

When creating a new charge based project with a rate card, you can check the Create Charge Rule box to automatically create time-based charge rules based on the selected rate card.

Related Topics

General Notices