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20Hi,
Our business operates a fairly mixed model. We have a lot of standard/flow products and also a lot of Engineered to Order products, high value, running for a long time. We have a lot of different cost sources - production, outsourced production, expenses, project timesheets, production timesheets, auto accrued charges etc.
We've found the Project module to be somewhat helpful for our invoicing as we push a model of trying to get various milestone payments in advance of various deliveries.
The scenario we have now, is that we have a scenario whereby we want to invoice like Milestones:
| 20% | on drawing release | 200,000 |
| 30% | on major material receipt | 300,000 |
| 50% | on delivery | 500,000 |
| Total | 1,000,000 |
But our intention is to recognise revenue on delivery like a T&M project - because we want to keep revenue recognition aligned to operational performance i.e. completed and shipped.
We may have dozens of lines on an order, with hundreds of deliveries over an extended period, so the same order may be made up of:
| Line | Item | Qty | Unit Price | Amount |
| Line 1 | Item A | 500 | 1,000 | 500,000 |
| Line 2 | Item B | 500 | 1,0000 | 500,000 |
Each of these lines could be delivery 30 items or so per week and we want to recognise that revenue as they go.
We've considered using T&M projects but the overhead in managing the Invoicing to offset with Deduction Advance milestones, is seen as, at best, cumbersome.
Would love to hear if anyone ever solved this problem? Either out of the box, or with something very clever with config / accrue revenue etc or of course, their own development method.
Thanks in advance,
Stephen
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