Using progress invoicing

Progress invoicing process:

1. Define the invoice type in the Contract Lines (tpctm1110m000) session:

   • In the Contract Type field, select Fixed Price.
   • In the Invoice Type field, select Progress Invoice.
2. Enter the element/activity data in the Elements (tpptc1100m000) or Activities (tppss2100m000) sessions. This data is the basis for setting up installment specifications such as the sales unit, sales quantity, and sales price for to the project structure (element/activity). The sales value of an element or activity is the product of the sales price and quantity.
3. Enter the element progress in the Element Physical Progress (tpppc1550m000) session or the activity progress in the Activity Physical Progress (tpppc1560m000) session.
4. Using the Create Progress Invoice Installments (tppin1210m000) session, generate installments based on the sales data for the elements, activities for the project, and the progress registered for the elements and activities. Evaluate the generated installment data. You can evaluate installment specifications in the Progress Invoice Specifications (tppin1510m000) session.
5. Transfer the project data to Invoicing using the Transfer Transactions to Invoicing (tppin4200m000) session.

In Invoicing you can complete the following tasks:

• Confirm future invoices.
• Check invoice headers.
• Compose, print, and post invoices to the Accounts Receivable module.