Create Invoice Methods

Create invoice methods to determine how invoice amounts are calculated on contracts.

The following sections describe how you create invoice methods.

Entering Basic Invoice Method Information

To create an invoice method:

1. Click Navigator > Setup and Maintenance, and search for the Manage Invoice Methods task.

2. Click the Manage Invoice Methods link.

   Use the Manage Invoice Methods page to create invoice methods and to review, edit, or delete invoice methods.

3. Click Create to create an invoice method.

4. On the Create Invoice Method page, enter an invoice method name.

5. Specify a status. Select Active to make the invoice method available for use.

6. The following table lists the invoice method classification from which you can choose one to determine the sources for invoice amount calculations on contracts or contract lines.

   Invoice Method Classification	Description
   Amount Based	Generate invoices as billing events are completed.
   Percent Complete	Generate invoices based on project progress of a contract line or associated project.
   Percent Spent	Generate invoices as progress is calculated, based on actual cost to date over budget cost.
   Rate Based	Generate invoices as costs are incurred, using an invoice-specific set of bill rates, a burden schedule, or transfer price rates.

7. To enable an invoice method for intercompany billing only, select the Use Invoice Method for Intercompany Billing check box. Use invoice methods with this option to track internal business activity between legal entities within your enterprise. Deselect the check box if the invoice method is used for billing external parties.

Defining Rate Sources

If the invoice method classification is Rate Based, then you must select one of the following schedule types on the invoice method for the source of both labor and nonlabor rates.

• Bill rate

• Burden rate

• Cost reimbursable

• Transfer price (available if you are using the invoice method for intercompany billing)