Using 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. The total amount to be invoiced is variable.

To use unit rate invoicing:

Assign the elements or activities to revenue codes in the Assign Elements and Activities to Revenue Codes (tppin0820m000) session.
Select the relevant Contract Type and set the Invoice Type field to Unit Rate in the Contract Lines (tpctm1110m000) session.
Specify the element progress in the Element Physical Progress (tpppc1550m000) session or the activity progress in the Activity Physical Progress (tpppc1560m000) session.
Evaluate and approve the progress specified for the respective elements or activities.
Record the progress in the Element Physical Progress (tpppc1550m000) or the Activity Physical Progress (tpppc1560m000) session.
Evaluate and approve the progress specified for the respective elements or activities.
Transfer the project data with the Transfer Transactions to Invoicing (tppin4200m000) session.

Note: You can view the lines for a specific project, element, and activity that have successfully been transferred in the Transferred Unit Rate Invoiced Lines (tppin0550m000) session.
Compose, print, and post invoices to Accounts Receivable in Invoicing.

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