T&M billing/allocation rule by revenue budget
Hoping someone could help with this. I've been trying to build T&M billing or allocation rule that picks up from the revenue budget qty and unit rate instead of dependent on the actual cost transaction. Is this possible? It seems like the only way to bill from revenue budget is with progress billing method. But the issue with progress billing is that it only picks up the pending invoice amt in the invoice. I need it to show the qty and unit rate as well. My example is below..it only works if i pick the account group COS and from PMTran. It doesn't seem to like account group REVENUE.
If you are pushing actual transactions into that account group with your allocation rule this should work.
You would need to have each allocation rule write the debit transactions to your "REVENUE" account. Under allocation settings.
The billing rule should just undo any transactions you have in that account linked to that project.
Just as a general question are you trying to have a fixed price project? So you quote for $10,000 and bill the customer $10,000?
In the Cost budget tab, there is a Unit Price field. You can create a T&M billing rule to calculate the billing based on Actual Quantity and Unit Price