A Milestone billing rule will create an on-account invoice for the sales value of a milestone on a date that you specify. You can set up multiple milestone dates for a project contract. A Progress billing rule will create an invoice when a predetermined percentage of work is completed. A Time and material billing rule will create an invoice for hours, expenses, and materials that are spent for a project. A Fee billing rule will create an invoice for administrative fees based on a percentage of other costs on a project. This rule type must be associated with another billing rule type. For example, a project contract has a Time and material billing rule. Create a fee billing rule to calculate a fee that is equal to 10 percent of the sales value of actual Time and material transactions that are posted to the project. The total invoice amount is equal to the sales value of the actual costs plus the 10 percent fee. A Unit of delivery billing rule will create an invoice when a unit of delivery is completed as specified in the contract.
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A Milestone billing rule will create an on-account invoice for the sales value of a milestone on a date that you specify. ...
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