Billing Methods

Cost/Cost: Accrues revenue and bills using the ratio of actual cost to budgeted cost (percent complete)

Cost/Event: Accrues revenue using the ratio of actual cost to budgeted cost (percent complete) and bills based on events

Cost/Work: Accrues revenue using the ratio of actual cost to budgeted cost (percent complete) and bills as work occurs

Event/Event: Accrues revenue and bills based on events

Event/Work: Accrues revenue based on events and bills as work occurs

Work/Event: Accrues revenue as work occurs and bills based on events

Work/Work: Accrues revenue and bills as work occurs

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Cost: POC calculation, Automatic creation
Work: Total work, Automatic creation
Event: Manual creation

POC  Revenue = Actual Cost / Budgeted Cost  X  Budgeted Revenue

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