Modify resource billing rates by project, project tasks, inventory item, employee, and account group. Calculate time and materials billing according to the customer, the type of work being performed, or the specific project requirements.
Handle the most complex project billing rules and easily calculate project revenue based on key project-specific attributes.
Fixed-Price and Cost-Plus Projects
Invoice according to project and contract requirements – fixed price set in advance or cost-plus projects in which the invoice amount is not known until costs and fees are incurred. Billing on cost-based projects can be capped.
Optionally recognize revenue based on percentage of project completed or based on tasks completed. All project revenue recognition rules are automatically reflected in GL journal entries.