Job Billing

Determine which of the 8 Billing Options is right for you:

Option #1 – Fixed Contract Amount
On a Job you establish the Contract Amount. When the Job is complete the Invoice for the Contract Amount is generated and sent to the customer.

 

 Option #2 – Free Form Invoice
Sometimes you just need a quick Invoice.  “Free Form” is just like it implies, it is totally free form, but yet the revenue is link to the Job you specify.

Option #3- Amount per Task
This option pulls from the Task Lines, the Contract Amount per the specified Task.

Option #4 – Milestone Billing
If you Invoice your customer upon completion of specific “Milestones”, then this method is right for you.

Option #5 – Time and Materials
Sometimes you Invoice as you go. Just pull in the Labor Rates and Material Prices and generate the Invoice.

Option #6 – “Sales Order” Links to Jobs
Ideal for a Make to Order Manufacturer. Enter the Sales Order for the Work, Create the Job, Do the Job, then Invoice the Customer according to the terms on the Sales Order.

Options #7 – Percent Complete – (Requires “Job Enhanced Billing” Granule)

By utilizing an Earned Revenue Worksheet, Job Enhanced Billing allows you the ability to calculate the amount to bill based on the completeness of a Job/Project.  An example would be a Job that is 30% “complete” (30% of the estimated costs have been incurred).  The Earned Revenue Worksheet will use that 30% against the contract amount of the Job to calculate the amount to bill.  Within the worksheet you are able to adjust the percent as you feel necessary.  Many other fields are calculated including “Amount Previously Billed” and “Estimated Cost to Completion”.  Common applications of this method of billing is the Construction industry.

Option #8 – Cost Plus – (Requires “Job Enhanced Billing” Granule)

Although not technically a billing method, Cost Plus is used to calculate a contract amount.  Job Enhanced Billing allows you to enter a mark-up percent for a Job/Project.  Then as you build your estimate for the Job it is calculating prices based on your designated mark-up.  For example, the estimated cost is $50,000 with a 20% “Cost Plus” mark-up.  The calculated price will be $60,000, you can then utilize any of the seven billing methods available to you with Job Manager.  This works great with Template Jobs as well, as you run a quick function to re-calculate the Job based on the mark-up percent.

Download Brochure on all 8 Billing Options here.

Ask Rick for a Ball Park Quote on “Enhanced Billing” for Job Manager:
rick.baxter@costcontrolsoftware.com

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