| To use cost plus invoicing |  |
| You can maintain and control the invoicing of cost plus projects and extensions in Project. Invoicing amounts are based on the actual costs plus a mark up for the project. ERP LN gathers the billing amounts and quantities from the cost plus jobs, there is no fixed contract price and no installment. You can release a business partner's invoice if you incur the actual costs. The procedure Start with the Projects (tppdm6500m000) session. The Agreement Type field and the Invoice Type field must both have the value Cost Plus. Assign the revenue codes in the Assign to Revenue Codes (tppin0810m000) session. Record the actual costs in the Costs (tpppc2811m000) session. The options are: By element/ activity By cost type By control code By cost object If you define an element with the Element (tpptc1100s000) session or an activity with the Activities (tppss2100s000) session, use the Cost Control check box to indicate whether you want to record project costs for the element or activity or not. If this check box is cleared, Project accumulates the element costs to the parent element. Confirm the costs in the Approve Costs (tpppc4811m000) session. Process the transactions in the Process Transactions (tpppc4802m000) session. With this session you process the confirmed costs to the project history and Financials. Set the transactions on To Be Invoiced with the Cost-Plus Transactions to be Invoiced (tppin4810m000) session. Process the transactions to Sales Invoicing in the Transfer Project Data to Central Invoicing (tppin4200m000) session. In SLI you can complete the following tasks: Confirm future invoices. Check invoice headers. Compose, print and post to the Accounts Receivable (ACR) module. Parallel to the transfer, the associated revenues are sent to Project Progress for transaction processing. Related topics To use invoicing To release cost plus transactions |