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

Video:

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