Invoice Templates
You can use an Invoicing Template to determine the method that is used to invoice the project to the customer. IEM supports the following invoicing methods:
- Time & Material
- Fixed Price*
- Deliverables
- No Invoicing
For invoicing method Fixed Price you must create an Invoicing Schedule.
Invoicing Method
| Field | Description |
|---|---|
| Code | Identifies the template. |
| Description | Describes the invoice template. |
| Status | Open or Released. Only Open templates can be edited and only Released templates can be inserted in a Project. |
| Invoicing Method | Select an invoicing method for the Project. Options are: Time & Material, Fixed Price, Delivery. |
| Fixed Price Billing Type | Select one of 3 fixed price billing types: Scheduled, Milestone, Progressive. |
| Base for Invoicing | Invoicing Date: As per the Invoicing Date on the ProjectCard - Invoicing Tab. Starting Date: As per the Starting Date on the ProjectCard - General Tab. Ending Date: As per the Ending Date on the ProjectCard - General Tab. |
| Invoicing Schedule | Indicates if an Invoicing Schedule has been created for the Invoicing Method (which is only only possible for the method Fixed Price). |
Invoicing Schedule
| Field | Description |
|---|---|
| Description | Description of the schedule line, this description will be copied to billing line. |
| Invoicing Date Calculation Formula | This date formula will be used to extend the Base for Invoicing Date as set in the Invoicing Method. |
| Percentage | This percentage will be multiplied by the Contract Amount to calculate the invoice amount for this line. The total percentage in the schedule must add up to 100%. |
See Also
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