Celoxis allows you to bill the time-entries and expenses spent on your project.On every project provides the ability of billing at specific milestones. On every task you can decide if your project task follows a Fixed price or Hourly Time & Material based billing. To set this value, edit
- Edit your
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- task and click on the Advanced tab and navigate to the Financials section.
- Here you will see the Billing Type drop-down with options: No Billing, Fixed Price, Time & Material. If you
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- select Fixed Price, you will see a box to enter the amount.
Point to note:
- When you create a task, its Billing type is automatically set to the project's
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The billing amount of a task is calculated as:
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Amount (Act, Billable) of a task = Hours (Act, Billable) + Approved and Billable expenses. |
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- Billing Type.
- When a task's billing type is Time & Material, then the Billable option is always checked for time entries and expenses made against such task.
How Revenue is calculated
| Billing Type | Planned Labor Revenue | Planned Revenue | Actual Labor Revenue | Actual Revenue | |
Task | No Billing | It is 0 since this is not a billing task | It is 0 since this is not a billing task | Approved Time entries which are explicitly marked billable | Actual Labor Revenue (marked billable) + Approved Expenses (marked billable) |
| Fixed Price | It is 0 since this is a Fixed Price | This is always equal to the Fixed Price amount of the task | Approved Time entries which are billable | Actual Labor Revenue + Task’s Fixed Price (after it is completed) + Approved Expenses (billable) | |
| Time & Material | Resources Planned Effort * Bill Rate | Resources Planned Effort * Bill Rate | Approved Time entries which are billable | Actual Labor Revenue + Approved Expenses (billable) | |
| Summary Task | With Any Billing type | Sum of all its child tasks | Sum of all its child tasks | Sum of all its child tasks | Sum of all its child tasks |
| Project | With Any Billing type | Sum of all its top-most tasks | Sum of all its top-most tasks | NA | Sum of all its top-most tasks |