Tag: Project Billing

Understanding Project Billing Types

Project Billing Types In NetSuite, project billing types refer to the methods used to invoice customers for project-based work. These billing types are crucial for managing cash flow and profitability, especially for businesses that engage in long-term projects with specific outcomes and deliverables. Types Time-and-Materials Billing: Under this billing type, customers are billed for the… Continue reading Understanding Project Billing Types

Navigating Billing Class Discrepancies in NetSuite Projects

In project management within NetSuite, users may encounter challenges when the Billing Class on the Employee record doesn’t align with the Project Billing Class due to user-initiated changes. The Challenge of divergent Billing Classes between the Employee record and the Project record poses a challenge, especially when changes are made by users. Understanding the nature… Continue reading Navigating Billing Class Discrepancies in NetSuite Projects

Projects and Milestone Billing

You can bill customers for project work at milestone intervals. Instead of being based on the materials used and time worked on the project, billing amounts are based on reaching preset project goals, or billing milestones. To use milestone billing, select Fixed Bid, Milestone as the billing type on the project. Then, create a new… Continue reading Projects and Milestone Billing