![]() ![]() Transactions can be invoiced per project or per project contract. Time and material projects – The customer invoice amount is based on transaction lines that are entered on projects.Fixed-price projects can be invoiced per project or per project contract. Invoicing is done through an on-account setup, which is also referred to as a billing schedule. Fixed-price projects – The customer invoice amount is based on invoice billing schedules.Time and material projects and Fixed-price projects are always attached to a project contract. Only the two external project types, Time and material and Fixed-price, can be invoiced. The project type determines which invoicing procedure should be applied. It includes information about invoice proposals (preliminary invoices), invoice control, on-account invoicing, vendor invoicing, and credit notes. ![]() This article provides an overview of project invoicing for Time and material projects and Fixed-price projects. ![]()
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