Overview:
Lump Sum Job Billing is one of three options available for users to create AR Invoices using PENTA's automated invoice process. Unlike Unit Price and T&M billing, however, the lump sum method allows users to create AR Invoices by entering an amount, or percentage of total contract to be billed. This method involves charging units out at a pre-determined price. In PENTA, the process for billing via lump sum is similar to billing via units price; the process starts in the Contract Completion screen and requires the user print and complete the invoice before posting to the General Ledger .
Benefits:
- Allows Users to enter exactly the amount to bill this period or percent of contract to bill this period
- Allows users to bill out contracts without basing invoice amounts on Labor/Equipment Hours or Material Dollars.
Roles:
- Accounting Receivable Manager
- Accounting Receivable Clerk
- Project Manager
- Controller
Location:
- Billing and Accounts Receivable>Automated Invoice Processing> Contract Completion Billing Purposes
- Billing and Accounts Receivable>Automated Invoice Processing> Calculate Invoices
- Billing and Accounts Receivable>Automated Invoice Processing>Adjust Invoice Amounts
- Billing and Accounts Receivable>Automated Invoice Processing> Prepare Invoices For Printing
- Billing and Accounts Receivable>Automated Invoice Processing>Complete Invoices
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