Entering Standard Billing Information

The billing information for a Standard billing type job is entered in the Standard Invoice or Credit window, which displays the cost plus markup, previous billings, current due, and current bill amounts for each cost element. Amounts are displayed in functional currency.

1. Select Transactions > Job Cost > Job Invoice Entry.
2. Complete the Job Invoice Entry window and select Schedule.
3. In the Standard Invoice or Credit window, enter values in the Current Bill column. Values entered depend on the contract type.
   • If the contract type is Fixed Amount, you do not have to break down your revenue by element, unless the bill needs to be tracked by cost element. You can enter the total amount in any field. The values in the Cost + Markup column only represent the cost. You should include your markup in the Current Bill column.
   • If the contract type is Cost Plus or Cost Plus NTE, the current bill amount for each cost element displays. Previously billed amounts are subtracted from the cost plus markup-to-date for the job, showing a current amount due for each cost element. The current amount due for each cost element appears in the Current Bill column and can be edited. The billing amount calculates automatically based on the job's billing type, the profit types, the amounts defined for the job's cost codes, and the costs posted to the job.
   • If this is a credit memo, do not enter negative amounts in the Current Bill column.
4. Select Save.