| # Fakturierung The Fakturierung module in Projekt is used to collect invoice data and transfer it to the Fakturierung package for final editing and printing. If the project and the budget are at the actualisation stage, you can choose the appropriate sessions in Fakturierung to invoice the costs. Project invoicing Project Fakturierung collects invoice data and transfers it to Fakturierung for final editing and processing. Project Fakturierung customizes invoice addresses, invoice layout, net amounts and/or gross amounts. Provisions are also made for holdbacks. After the invoice details are transferred to Fakturierung, the invoices are modified, finalized and printed . Finally LN sends the invoice revenues to the Project Revenue in Projektfortschritt and to Finanzwesen. When you post an invoice, Fakturierung sends its status to Fakturierung. Installment invoicing Installment invoicing is used to generate and control installments and progress invoice specifications. Installments are partial contract amounts that you send at regular intervals. Project shipments LN allows you to link the project shipments to the installments. In some projects, the business partner releases a shipment when an installment is paid. Progress invoicing Progress Invoice 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 Invoicing module. Unit rate invoicing You can base the unit rate invoice on the sales price of an element or an activity. The amount to be invoiced equals the sales price multiplied by the physical progress quantity. Cost plus invoicing You can maintain and control the invoicing of cost plus projects and extensions in Projekt. Invoicing amounts are based on the actual costs plus a markup, or the sales price/rate for the product or the service extended to the customer. LN gathers the billing amounts and quantities based on the effort spent on cost reimbursement and time and material contract lines. You can create a business partner's invoice only when you incur the actual costs. Delivery-based invoicing Delivery-based invoices are based on the sales amounts of the contract deliverables. Delivery-based invoice specifications involve invoicing the customer, based on the shipment or delivery of the service to the customer. Using advance payment requests Advance payment requests are amounts paid by the business partner before the project starts. You can use these amounts to buy, for example, project materials. Advance payments can be made for all of the invoice types. If several customers are involved, the advance must be linked to one of the contract lines. You can link an advance to an element or activity. If the invoice type of a project is Installments, you can also link the advance to an installment. You can use this installment to settle the advance. If the advance is not linked to an installment, settle the advance in the next invoice or define a liquidation percentage on the contract line. Using holdback The holdback or retainage is a percentage amount withheld by the customer on payments. The customer pays the holdback amount after the project activities have been performed satisfactorily. In Projekt, holdback can be used for these invoice types: Installment Progress Invoice Unit Rate Cost Plus Extension |