Project fee codes

Contract fees are amounts that are added to customer invoices and revenue recognition. Generally, fees are the profit or margin in addition to the costs that result from the contract. These fee calculations are supported by project contract fees:

Fee type	Calculation	Description
Rate fees	Rate x Units	A specified rate amount is multiplied by the units to calculate the fee. This calculation supports unit of production fees with tiered or volume pricing.
Percent fees	Percent x Amount	The rate percent is multiplied by the expense transaction amount or the billable amount. This calculation supports markup percent and single step burden fees. This can also be set up as a markup or an allocation.
Flat amount fees	Tiered amount based on units	This calculation supports a flat fee. The flat amount based on the number of units is the fee. The fee is calculated as often as required, for example, a single fee, a monthly fee, or an annual fee. A single, non-tiered flat amount fee can be set up as a milestone or as an installment bill.

The fee code is set up at the dimension level. Open a finance enterprise group and select the Options tab. Select a Billing Override Level. The default value is Account. You can also create a selection group for the fee code.