| To use progress invoicing |  |
| Progress Invoicing is an invoice type that resembles the Installment type. In this procedure, the installment amount depends on the project's progress and the element's sales rates. Progress invoice specifications involve invoicing partial contract amounts at agreed intervals, for example, every four weeks. You then release this data to the Sales Invoicing module. The fixed amount of all the installments equals the total contract price. If progress is 100%, you can invoice the entire contract amount. The procedure Define the invoice type in the Projects (tppdm6500m000) session. Select Fixed Price Contract in the Agreement Type field and Progress Invoice in the Invoice Type field. Enter element data in the Elements (tpptc1500m000) session. This data is the basis for setting up installment specifications such as the project element's sales unit, sales quantity, and sales price. The sum of the element sales prices times the quantitiy is equal to the fixed contract price. Enter the element progress in the Element Physical Progress (tpppc1150s000) session. You generate installments based on the element data and the element progress using the Create Progress Invoice Installments (tppin1210m000) session. Transfer the project data to Sales Invoicing with the Transfer Project Data to Central Invoicing (tppin4200m000) session. You can maintain installment specifications in the Progress Invoice Specifications (tppin1510m000) session. In Sales Invoicing you can complete the following tasks: Confirm future invoices. Check invoice headers. Compose, print, and post invoices to the Accounts Receivable (ACR) module. Parallel to the transfer, the associated revenues are sent to Project Progress for transaction processing. When the revenues are posted, the invoice number appears on the transaction. Related topics To use invoicing |