Hello, I have a question. Is it possible to mix b...
# generalp
Phillip
11/12/2021, 5:25 PMHello, I have a question. Is it possible to mix billing types for a project with charge based billing? Can you bill time and percent complete on the same project?
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Karina
11/15/2021, 8:22 PMyes, sure
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Phillip
11/15/2021, 8:23 PMis it recommended? or is it easier to split the billing types apart?
Phillip
11/15/2021, 8:24 PMwe are running into a limitation with our percent complete projects that we need to bill the entire project upfront but we need to recognize revenue based upon what hours have been completed for a project. is this possible to do?
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Karina
11/15/2021, 8:28 PMit is definitely doable. It is often when you have expenses, T&M, and % complete billed on the same project
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Phillip
11/15/2021, 11:04 PMWhat is your personal recommendation for setting up billing for projects? Thank you
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Karina
11/15/2021, 11:10 PMyou can set it up as you see fit, have it all set to Charged Based billing, and that will work for all types - labor, expense, fixed fee, etc.
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Phillip
11/15/2021, 11:29 PMthe one thing I can not figure out is with charge rules. how can you bill the percent complete project completely up front then recognize the revenue as the hours are complete
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Karina
11/16/2021, 4:29 PMyour billing and rev rec are two separate things - if you use ARM. if not then it is one and the same
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