Billing Methods and Types

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Billing Methods and Types

The following billings are available:

Advance billing lets you issue invoices before project costs are incurred and anytime during the life of a project.
Demand billing lets you bill customers for project costs as they are incurred.
Batch billing lets you generate demand billing invoices in batches.

The billing method is determined by the billing type selected when a project is financially enabled and by the billing process. The following table describes the billing types.

Type	Description	Advance Billing	Demand Billing
Standard	Standard bills let transactions accumulate over a given cycle. Standard bill types let you bill resulting transactions any time during the billing cycle. Projects with a standard billing type can enforce a contract amount. If the Enforce Contract Amount option is selected for a project, the project's billings are checked against the contract amount. If the billing amount exceeds the contract amount, an invoice cannot be generated.	No	Yes
Retainer	Retainer bills have no predetermined limit on the final amount. Retainer bill types are billed as transaction-based or billed using defined, interim billing amounts.	Yes	Yes
Contract	Contract bills have a specified limit on the final amount. Contract bill types are billed with defined billing dates and accounts.	Yes	Yes

Note: See the Project Management User Guide for more information.

More information:

Advance Billing

Demand Billing

Batch Billing and Printing

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