Percent Complete Contract and Expenses

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.