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How to change the rate that I bill for an item

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I want to change the rate that I bill a customer for each quantity of item that is sold.

I create a new rate item with the new rate per item and assign it to the project.

I go and bill the customer. It shows the cost as the new rate but the revenue calculates at the old rate.

How do I change it so revenue shows at the correct rate (the new rate)?

GP Projects 2018 software used

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    Pam Peterson Profile Picture
    Pam Peterson on at
    RE: How to change the rate that I bill for an item

    Hi,

    Could you provide some additional information? Is this an inventoried or non-inventoried item that you are billing?

    If it is Inventoried, then what you bill will be based off your Price Level. That may need to be updated.

    If it is non-Inventoried, then what is your Profit Type that you are using to bill? If it is Billing Rate, then you need to make sure that rate has been updated, along with your cost. The cost and billing amounts work independently in this scenario.

    If it is Markup %, then that percentage needs to be adjusted for a new rate if you aren't billing at the same markup as previous.

    Let us know if you need further help with this.

    Pam Peterson

    Microsoft Dynamics GP Support

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