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Finance | Project Operations, Human Resources, ...
Answered

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

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Posted on by 1,282

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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  • Verified answer
    Ludwig Reinhard Profile Picture
    Microsoft Employee on at

    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

  • Kumar_Sat Profile Picture
    1,282 on at

    Thanks, Dr. Ludwig.

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