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:
- Fixed Fee Charge Rules — rules based on a fixed fee determined by date, milestones, or project progress.
- Time-Based Charge Rules — rules based on time tracked against the project.
- Expense-Based Charge Rules — rules based on expenses tracked for the project.
- Purchase Charge Rules — rules based on items purchased the project.
Then set the rules as per the requirement