This is the field where the equipment information to be used for this project is selected from the equipment defined in the system.
Code and Name information of each selected equipment is displayed on the screen that opens.
More than one equipment can be added to the project.
From actions button you can select change period, billing plan and import. You can quickly change the information you have previously selected and want to change from here.
You can download the project detail information as a report from the import button.
When To Use Periodic Billing Plan;
Periodic billing plans are used for service products such as rentals or maintenance mostly. You should have a service product with a time-dependent price (i.e. calculation type M, N, O or P) which need to be billed regularly, e.g. monthly, quarterly, etc.Client can raise the rental or maintenance/service invoices based on
monthly , quarterly ,yearly etc. basis to their customers.
NOTE: The sum of every line item added to the Net the value of the contract.
When To Use Milestone Billing Plan;
Milestone billing is used for sales products in big projects when the product is paid in various installments.Milestone billing plans are used in sales quotations and sales orders or Items in service orders .You have a sales product with a known net value.
NOTE: You distribute the net value over several milestones.