Task Revenue

With fixed price projects, there are certain milestones where certain amounts of fixed price is billed. Celoxis allows you to bill the time-entries and expenses spent on your tasks depending on its Billing Type.

On every task you can decide if your task follows a Fixed price or Time & Material based billing. To set this value,

• Edit your 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 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 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 for task is calculated