Invoice and Revenue Method Classifications
Only bill plans and revenue plans with certain combinations of invoice and revenue method classifications can be used on the same contract line.
If you add a bill plan and revenue plan with an invalid invoice and revenue method classification to the same contract line, you will receive an error message when you submit the contract for approval.
The possible revenue method classifications are:
-
Amount based
-
As incurred
-
As invoiced
-
Percent complete
-
Percent spent
-
Rate based
The possible invoice method classifications are:
-
Amount based
-
Rate based
-
Percent complete
-
Percent spent
Invoice and Revenue Method Combinations
Valid bill plan and revenue plan combinations for a contract line are dependent on the invoice method classification and revenue method classification. Most invoice method and revenue method classifications are valid. The following table describes the invalid combinations.
|
Revenue Method Classification |
Invoice Method Classification |
Valid Combination? |
|---|---|---|
|
As incurred |
Amount based |
No |
|
As incurred |
Percent complete |
No |
|
As incurred |
Percent spent |
No |
|
As invoiced |
Amount based |
No |
|
As invoiced |
Percent complete |
No |
|
As invoiced |
Percent spent |
No |
|
Rate based |
Rate based |
Yes, but a burden schedule is required for the bill plan and revenue plan. |