In BQE CORE, the final net bill amount carries to the invoices. When generating an invoice, the net bill amount is calculated depending on the:
-
contract type of a project
-
assignment of a billing schedule
-
billing arrangement: whether a cap or maximum amount is set
|
Contract Type |
Net Bill Amount |
|
Hourly |
Billable1 + Expenses2 |
|
Adjusted Net Bill Amount |
|
|
Hourly with Billing Schedule |
Schedule Bill Amount (including expenses) |
|
Schedule Bill Amount + Expenses2 |
|
|
Adjusted Net Bill Amount |
|
|
Fixed |
Billable1 + Expenses2 (up to the contract amount) |
|
Adjusted Net Bill Amount |
|
|
Fixed with Billing Schedule |
Schedule Bill Amount (including expenses) |
|
Schedule Bill Amount + Expenses2 |
|
|
Recurring |
Recurring Bill Amount |
|
Recurring + Expense |
Recurring Bill Amount + Expenses |
|
Recurring with Cap |
Recurring Bill Amount (up to the contract amount) |
|
Percentage |
Percent of Contract Amount |
|
Cost + Percentage |
Net Bill Amount + Percentage3 |
|
Adjusted Net Bill Amount |
|
|
Cost + Fixed Fee |
Net Bill Amount + Fee4 (up to the fixed fee) |
|
Adjusted Net Bill Amount |
|
|
1 Sum of bill amounts for time entries included in the billing record 2 Sum of charge amounts for expense entries included in the billing record 3 Percentage x Billable Amount 4 Ratio of Contract Amount / Fixed Fee |
|
You can make the following adjustments to the net bill amount:
- Apply a discount to reduce the net bill amount (applies to any contract type).
- Apply a retainer to reduce the net bill amount (applies to any contract type). You must exhaust the project retainer before you apply a client retainer to a billing record.
- Edit the Net Bill amount directly to increase or decrease the bill amount.