Domestic customer has two contracts:
1. Fixed price prepaid (calculated based on estimated usage)
2.Time&Material billed based on actual resource usage
There are two resources:
1.Employee with fixed salary in same currency
2.External contractor billing per hour in foreign currency
Each resource can allocate time to each contract.
Expected outcome:
Contract 1: only one invoice to customer, any cost allocated based on reported usage to monitor contract performance.
Contract 2: reported usage billed to customer based on contract pricing.
Time reported by contractor should account for exchange rate changes when allocating costs.
Contractor is filling in the timesheet that can have work for multiple customers and sending one consolidated invoice per each timesheet monthly. Payments are made in base currency and exchange rate gain/loss is posted to P&L.
I was hoping to use jobs and timesheets but I'm facing few issues:
1. External resource cost in foreign currency
2.Reflecting exchange rate gain/loss in contract cost allocation
3.VAT rates applied (will work on that once I can resolve 1&2)
I'd appreciate any suggestions on how and if this can be achieved with jobs and timesheets.
