Charge Based Billing

Projects that generate charges as billable amounts use the billing type Charge-Based. When a project billing type is set to Charge-Based, we can create an individual charge rule on the project. The charge rules on the project process are related project activities or inputs and create charge records.

• Create project record with billing type as ‘charge-based’.
• Under the financial subtab we can see the 4 charge rules
• There are four main types of charge rules:

1. Fixed Fee Charge Rules — rules based on a fixed fee determined by date, milestones, or project progress.
2. Time-Based Charge Rules — rules based on time tracked against the project.
3. Expense-Based Charge Rules — rules based on expenses tracked for the project.
4. Purchase Charge Rules — rules based on items purchased the project.

Then set the rules as per the requirement