Task Revenue

Celoxis provides the ability of billing at specific milestones. 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 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