Billing on the basis of Progress

[Former Member]

Dear All,

My client requirement is Progress billing means after calculating progress by Work Method,system will calculate BCWP.

They cant bill on the basis of actual cost spend because some times actual work is not done but cost already spend.I am trying to ususe DP91 through Dip Profile to create a debit memo request ,it is working if i use source as actual cost-Line items but i am trying for Std indicatos but not working.

If somebody has worked on progress billing then please advice or any body can give some idea about this.

Muzamil

[Former Member]

closed

[Former Member]

hi,

Billing of the work that is being performed. for E.g. if say building is about to be built. Hence there are 2 method

1.Unless untill the predefined mile stone is achieved the bill will not be raised (e.g. 30% completation then billing plan...)

2. Else if per % if rate is known then Make a new Unit as Lot. make material code of building.

Allow 3 decimal places provision n CUNI.

Confirm the completation of work as it happens.

And try to dispatch or bill it what ever applicable

Regards,

Sameer

[Former Member]

Hi Wad,

In this case Milestone billing is not applicable because the project will run for few years and monthly billing will happen on the basis of Progress.the progress is determined either on the basis of Work method or estimation method.The BCWS is always different than actual cost because if material is delivered to the customers site but actual work done is different.so my client has contract with their customers to invoice as per the progress only.

So i hope DP90 will work work but i am not able to find which source i will use in ODP1 like Actual cost if billing is done on the basis on actual cost.

The billing here should be done on the basis on BCWP only............

Muzamil

[Makal]

Hi Muzamil

Finally how did you fix this?

Share with forum, it'll definitely useful for many.

Thanks

Amaresh Makal

[Former Member]

Hi,

It is manual solution only by creating the billing plan as per the POC .

Muzamil

[Former Member]

You can make use of Milestone billing.

[Former Member]

Hi All,

I am waiting for answars regaring billing on the basis of BCWP instead of Actual costs through DP91.

Muzamil