The application, doesn't have any downstream impact of this reference to a task. If the milestone is tied to project task, use this reference to add custom logic to set the milestone status based on the task status. This is carried over to the project contract line milestone and the invoice. Text field for the name of the milestone. On the Milestone Creation page, enter the required information based on the following table.Open the fixed price contract line that you are creating a milestone for, and on the Invoice Schedule tab, on the subgrid, select + Create new Contract line milestone.Complete the following steps to manually create a milestone. You can generate fixed price milestones manually when they are not periodically split. After the changes are made, refresh the page to remove the error. You can fix the error by verifying that the billing milestones total the contracted value of the line by creating, editing, or deleting milestones. If they don't, you will receive an error on the Contract Line page. If the contract line has a value in the Estimated Tax amount field, then this field is also apportioned to each milestone equally when generating periodic milestones.īilling milestones should equal the contracted value of the contract line. Milestone Amount: This amount is calculated by dividing the contract amount on the contract line by the number of milestones as dictated by the frequency, billing start, and requested delivery dates.Milestone Date: This date is dictated by the invoice frequency.Milestone Name: This name is dictated by the invoice frequency.The invoice schedule is generated with the Milestone Name, Milestone Date, and Milestone Amount fields set as follows: On the subgrid, select Generate Periodic Milestones. On the Billing Milestones tab, select the billing start date and the invoice frequency. Open the Fixed Price contract line that you are creating the milestone schedule for. Milestones can't be created on a contract line if there is no project mapped to the contract line.Ĭomplete the following steps to generate a milestone-based invoice schedule for a fixed set of equally distributed milestones for the calendar period. When the contract line has a fixed billing method, you can create a milestone-based invoice schedule. When the automatic invoice creation job runs for a certain invoice run date, this field is updated to Run Successful or Run Failed.Ĭreate a fixed price invoice schedule for a contract line
Run Status: Automatically set to Not Run.Transaction Cutoff Date: The day before the invoice run date.Invoice Run Date: This date is dictated by the invoice frequency.The invoice schedule is generated with the Invoice Run Date, Transaction Cutoff Date and Run Status fields set as follows: On the subgrid, select Generate Invoice Schedule. On the Invoice Schedule tab, select the billing start date and the invoice frequency. Open the Time and Material contract line that you are making the date-based invoice schedule for. Go to the project contract record, and on the Summary tab, in the Requested Delivery Date field, select a date. Go to Settings > Invoice frequencies and set up an invoice frequence. To automatically generate a date-based invoice schedule, complete the following steps. When a project-based contract line has a time and material billing method, you can create a date-based invoice schedule. Create a time and material invoice schedule for a contract line If however, you only manually create invoices, you can skip creating invoice schedules on contract lines. An invoice schedule allows draft invoices for a project-based contract line to be automatically created. Invoicing is only allowed after the contract is won to and you are creating a project contract. You can an invoice schedule to a project-based contract line. Applies To: Project Operations for resource/non-stocked based scenarios
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