Adjusting net bill amount in Core

In 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:

    1. Apply a discount to reduce the net bill amount (applies to any contract type).
    2. 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.
    3. Edit the Net Bill amount directly to increase or decrease the bill amount.
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