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Unit Price Job Billing

Owned by Nathan F. Welchlin [X] (Unlicensed)
Last updated: 06 22, 2022 by Claire Aleman

Overview:

Unit Price Billing is one of three options available for users to create AR Invoices in Penta. Unlike Lump Sum and T&M billing, however, the unit price method allows users to create AR Invoices by entering units completed into the system. This method involves charging units out at a pre-determined price. In PENTA, the process for billing via unit price is similar to billing via Lump Sum; 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 bill out contracts without setting a pre- determined Lump Sum amount
  • 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

Video:

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