Based on customer suggestions, BillQuick 2009 added another option for handling expenses with Percent Complete Contracts.
Percent Complete in BillQuick is the subjective determination of how far along a project is. The Earned Value – Estimated report uses the percent complete value. It can also be used when making billing decision, indicating how much of the contract to bill.
When expenses are in addition to a fixed contract amount, BillQuick includes expenses charged to a project in the Expenses section of the standard invoice.
However, when expenses are in addition to the contract, you can change BillQuick’s business rule with a click of the mouse. When you mark the Expense Part of Contract checkbox for a project, BillQuick adds two expense sections to the invoices. As you enter or review expenses, the items you flag as Extra are added to the Extra Expenses section on your invoice.
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