Billing Transactions
Billing transactions represent the mapping between an expenditure item or event, a contract line, and an invoice line. You automatically create billing transactions when you generate revenue or invoices.
The invoice for one contract can have transactions from multiple projects and tasks. And if a task is associated with multiple contracts, then the charges from an expenditure item or event can be split across more than one invoice.
Billing transactions are made from these items:
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Contract contribution percentage
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Eligible amount
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Qualified amount
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Eligible transactions
Contract Contribution Percentage
The contract contribution percentage is the maximum percentage of project work that's eligible for billing on a contract. Billing transaction amounts are based on this value.
Eligible Amount
The eligible invoice and revenue amounts are the amounts that you can invoice and recognize for a specific contract line and the expenditure item or event.
Qualified Amount
The qualified amount is what you will actually invoice and recognize for a specific contract line and expenditure item or event. Available funding for the transaction determines this amount.
The qualified amount is the smallest of these two values for the transaction:
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Eligible amount
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Smallest amount of the remaining invoice or revenue funds for the billing control. If this is zero, then the billing transaction equals the eligible amount.
Eligible Transactions
Expenditure items and events that pass a billing control with available funds are eligible for invoicing and revenue recognition. Billing transactions are created for eligible transactions.
When you create a billing transaction, funding for the billing control is reduced by the transaction amount.
For contracts without billing controls, eligible transactions are the expenditure items and events that are charged to a task and linked to a contract line.