Cost+ Invoicing

OBJECTIVE

The Cost Plus Invoicing option is used to transfer the cost of a resource to an expense project associated with the same resource.

For inter-company transactions, the system creates a sale in one company and a purchase in the other. This only works in multidimensional mode. For transactions within the same company, the system creates inter-project transfers. Invoicing can be on a daily, weekly or monthly basis.

 

PREREQUISITE

• Define Resources
• Resource Allocation

 

Steps

maestro* > Projects > Project Costing > Resource Allocation > Cost+ Invoicing

 

Invoicing

1. Select a Period and a Project.

The ▼‚ symbol is used to select more advanced search criteria. The + symbol is used to drill down further to maximize how the information is sorted.

2. Click Start.
3. Clicking Yes makes it possible to invoice extras, such as the resource and associated expenses. Clicking No only allows you to invoice the allocated resource.
4. Enter and select information based on specific requirements:

Field	Description
Assignment/Equipment Equipment/Assignment	Used to change the layout of information.
Acctg Date	Accounting date.
Default Equipment Group	Equipment invoicing group.

5. Enter the required information in the Expenses tab:

Field	Description
Status	Available values. Transferred The expense is ready to be invoiced. Passive The expense should not be invoiced. Waiting The expense will be invoiced later.
Billable Project	Revenue project associated with the resource.
Quantity	Quantity from purchase transactions (for example, a catalogue order) associated with the expense project.
Unit Price	Unit price from purchase transactions (for example, a catalogue order) associated with the expense project.
Amount	Total amount of purchase transactions associated with the expense project.
Description	Description of the expense or adjustment.

6. Click Save.

 

See also

• Project-to-Project Transfer
• Stock Order from Catalogue
• Purchase Order Management
• Internal Purchase Order
• Project Purchase

 

Last modification: November 12, 2024