Milestone based billing for T&M project - what is the best approach?

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Posted on by Kumar_Sat

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Hi,

I am looking for some help related to this topic. How can I design a solution where a T&M project will be billed based on milestones which could be a PO or sales order or a budget, any idea, suggestion? Is there anyway Milestones be created and linked for T&M projects for billing (to the best of my understanding I have not seen such thing but may be I missed something).

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Ludwig Reinhard Microsoft Employee on at

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RE: Milestone based billing for T&M project - what is the best approach?

Hi Satyendra,

There are some workarounds available.

You can for example record your milestones in a fee journal that you post and then invoice your customer based on the fees recorded. All other transactions must be declared as non-billable.

Another possibility is that you use an internal project for recording your costs and a fixed price subproject that you use for invoicing your customer based on the milestones you agreed upon.

Best regards,

Ludwig

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Kumar_Sat 1,282 on at

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RE: Milestone based billing for T&M project - what is the best approach?

Thanks, Dr. Ludwig.

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