Billing Type
The billing type, together with the project type, determines the kinds of details that appear on job-related customer invoices.
You can select:
Note that the project type and accounting method jointly determine whether you set the billing type for projects, for categories, or for both on a contract, and whether you can change the billing type for individual transactions:
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For time and materials projects, you set the billing type for each resource category (for a standard project) or category (for a basic project). You can change the billing type for transactions only if the resource category (or category, for a basic project) is billable.
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For fixed price projects, that use the completed project or project percentage complete accounting methods, you set the billing type only for the project, and you cannot change it for individual transactions. Categories are not used in billing for these fixed price projects.
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For fixed price projects, that use the billings and costs or accrual-basis accounting methods, you can set the billing type for each resource category (for a standard project) or category (for a basic project) only if the project is billable. You can change the billing type for transactions only if the resource category (or category, for a basic project) is billable.
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For cost plus projects using a completed project, total cost percentage complete, or labor hours percentage complete accounting method, the billing type for the resource category (or category, for a basic project) is set at the project level, and you cannot change the billing type for transactions.
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For cost plus projects using billings and costs, category percentage complete, or accrual-basis accounting methods, you can change the billing type for categories on the Contract Maintenance form only if the project is billable. You cannot change the billing type for the resource category, which uses the same billing type as the category, and you cannot change the billing type for any transactions.