Generating contract invoices by contract
- If the revenue recognition method is Combined or Separate, you cannot generate contract invoices if there are any retainer invoices in a Created status.
- If the revenue recognition method is Separate, you cannot generate contract invoices if there is any revenue recognition in a Created status.
- When using the invoice and recognition approval workflow, contract invoices
cannot be generated if these conditions are met:
- There is any revenue recognition reversal in a Journalized status.
- There is a Submitted for Approval status.
When invoices are generated, any contract fees and funding source allowances for the project contract are calculated and added as invoice lines. Any retainers applied are added as credit amount invoice lines.
If the billing method is Rate Table or Time & Materials and units are not specified, the transaction amount plus any mark-up is used for the calculation.