Billable Costs

In LN, you can create and maintain billable costs using the Contract Billable Cost Lines (tppin1100m000) session. The cost lines are based on the detailed cost plus transactions aggregated using the Create Aggregated Billable Cost (tppin1200m000) session. The aggregation levels are defined based on the invoicing method specified for the contract line.

Using this method, you can create invoices that consider specific detailed costs that can be combined in one invoice line. For example, if the customer has agreed that Labor and Material is a specified detailed cost but to total all other Direct Costs. Matching aggregation levels can then be set as part of the invoicing method. Use the Create Aggregated Billable Cost (tppin1200m000) session to preview how the data is combined on the invoice.

The aggregated level can be modified and used to update the detailed lines. For example, there are equipment invoice lines with varying rates. At the aggregated level the billing rate is changed and all detailed lines will be updated accordingly.