Incremental Project Billing ?

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Brad Wilcox

• September 10, 2021 15:32

Much of the work we perform is project-based with an agreement that we will bill the customer 20% upfront, 30% at the midway point of the project, and then the final 50% when the project is completed.  Is there an easy way to do this type of project-based billing where multiple billings are sent to the customer with each billing corresponding to a percent of the overall bill?

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  Rebecca Ralls

  • September 14, 2021 18:32

  Hi Brad,

  There's no OOTB porgress billing functionality, but there are ways you can get there.  

  How are your opportunities constructed?  Do you use Opportunity Products?  Just one for the whole project? or separate ones for different components? 

  One thing you can do if your structure is fairly simple is to set the percentage on the billing lines using the quantity field.  So if you have 1 product of qty 1 and the price of $5000, you could set the qty to 0.5 on the billing line, and  that would create a 50% billing for $2500. 

  You can do this manually, or you (or someone) can build a flow that does it for you. If you have multiple lines with variable quantities, a flow is probably the easiest/least error prone method.  

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  Jessie Gesmond

  • February 03, 2023 01:51

  Can you explain this If you have multiple lines with variable quantities, a flow is probably the easiest/least error prone method.

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