About invoicing fixed-price projects
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Invoicing a fixed-price project consists of defining a billing schedule and performing the invoicing procedure.
Billing schedule
You can invoice fixed-price projects on a billing schedule. You set up the billing schedule for the project in the On-account form. (Click Project management and accounting > Inquiries > Transactions > On-account.)
The billing schedule is defined in terms of one or more milestones for the project. You specify payment for each milestone in the On-account form.
For example, you can set up a billing schedule as follows:
20 percent when the project contract is signed.
30 percent on first delivery.
15 percent on second delivery.
35 percent on final delivery
Invoicing procedure
When the milestone payments are ready to be invoiced, you apply the procedure for invoicing on-account amounts.
See also
On-account transactions (form)