To use unit rate invoicing

The unit rate invoice is based on the sales price of an element or an activity. The amount to be invoiced equals the sales price multiplied by the physical progress quantity.

To use unit rate invoicing:

Step 1. 

Assign the elements or activities to revenue codes in the Assign Elements and Activities to Revenue Codes (tppin0820m000) session.

Step 2. 

Select the relevant Contract Type and specify Unit Rate in the Invoice Type field, in the Contract Lines (tpctm1110m000) session.

Step 3. 

Specify the relevant elements or activities for the project with the sales price to be used for invoicing.

Step 4. 

Record the progress in the Element Physical Progress (tpppc1550m000) or the Activity Physical Progress (tpppc1560m000) session.

Step 5. 

Transfer the project data with the Transfer Transactions to Invoicing (tppin4200m000) session.

Note: The Transferred Unit Rate Invoiced Lines (tppin0550m000) session displays the lines for a specific project, element, and activity that have successfully been transferred.

In Invoicing:

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

The associated revenues are simultaneously processed in Project Accounting. The invoice number is displayed on the transaction when the revenues are posted.

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