Use progress billing

You can use progress billing as an alternative way to invoice a project. In progress billing, you invoice the amount of work completed so far.

Progress bill helps to temporarily claim the revenue internally before the customer has approved the progress bill.

As a result, a fee journal is posted, which can be reversed when required for a financial impact.

Note:

To apply progress billing to a (sub)project, on the related project quotation WBS, the Use progress billing check box must be selected for the related WBS project line.
Progress billing requires a scheduled unit, a forecast quantity, and a bid rate for each activity.
The sum of the progress amounts of all lines is the total progress amount to be invoiced.
Only one open/active progress bill can exist per root project.

Activities

Name	Responsible	Description
Use zero progress bill	Project manager	Before you start a project, you can create, print, and post a so-called zero progress bill. You can create a zero progress bill once before a regular progress bill is created. You can use the zero progress bill as an official statement at the start of a project to communicate the work breakdown structure, quantities, and prices. Zero progress bill characteristics: A special journal is used for the zero progress bill. This journal is different from the regular progress bill journal. For the journal name, the 'Zero progress bill' check box is selected. Print a zero progress bill before you create and post a regular progress bill.
Use progress billing without temporary revenue claim	Project manager	You can choose to only recognize the revenue on the final posting of the progress bill after the customer has approved.
Use progress billing with temporary revenue claim	Project manager	You can choose to temporarily claim the revenue internally before the customer has approved the progress bill. As a result, a fee is posted.
Post negative progress bill	Project manager	You can post a negative progress bill journal to report any negative progress on an activity or a complete project after the invoice is posted. You can use this to report the correct progress when you have posted a higher progress than the percentage of completion times the contract value.
Release retention	Project manager	If applicable, retentions are calculated automatically based on the retention terms that are linked to the project contract. If you post a progress bill, automatically a record is created for the project in the Request retained amount. You can create an invoice proposal for retained amounts.

Activities

Name	Responsible	Description
Use zero progress bill	Project manager	Before you start a project, you can create, print, and post a so-called zero progress bill. You can create a zero progress bill once before a regular progress bill is created. You can use the zero progress bill as an official statement at the start of a project to communicate the work breakdown structure, quantities, and prices. Zero progress bill characteristics: A special journal is used for the zero progress bill. This journal is different from the regular progress bill journal. For the journal name, the 'Zero progress bill' check box is selected. Print a zero progress bill before you create and post a regular progress bill.
Use progress billing without temporary revenue claim	Project manager	You can choose to only recognize the revenue on the final posting of the progress bill after the customer has approved.
Use progress billing with temporary revenue claim	Project manager	You can choose to temporarily claim the revenue internally before the customer has approved the progress bill. As a result, a fee is posted.
Post negative progress bill	Project manager	You can post a negative progress bill journal to report any negative progress on an activity or a complete project after the invoice is posted. You can use this to report the correct progress when you have posted a higher progress than the percentage of completion times the contract value.
Release retention	Project manager	If applicable, retentions are calculated automatically based on the retention terms that are linked to the project contract. If you post a progress bill, automatically a record is created for the project in the Request retained amount. You can create an invoice proposal for retained amounts.