Billing Method for Job Fields

This field will be used during the Progress Billing routine to determine the amount and method to bill for your jobs. It will default to the method of billing selected on the Billing & Retainage tab of Job Defaults.

If you select Percent of Completion, Sage 50 will bill for a job based on the percent of expenses incurred. The Amount to Bill on any invoice will be equal to (Estimated Revenue * Total %) - Previously Billed. In this case, the Total % will be the value of Actual Expenses/Estimated Expenses. See valuable tips for setting up and using Percent of Completion billing.

Note: You must have actual expenses before there will be an automatic calculation, and that you must have both estimated expenses and estimated revenues for the particular phase/cost code. If set up properly, the amount to bill will be calculated automatically during Progress Billing.

If you select Percent of Contract, Sage 50 will bill based on a manually entered percentage for the estimated job revenue. The Amount on any line item will be equal to (Estimated Revenue * Bill %). In this case, the Bill % will be the value you enter. You can use the Bill button on the toolbar during Select for Progress Billing to specify a percentage for all phases/cost codes, or to bill the remaining amounts for a job. See valuable tips for setting up and using Percent of Contract billing.

Warning! For these two billing methods to work properly in Sage 50, you must enter Estimated Expenses and/or Estimated Revenues for your jobs prior to performing a progress billing.

If you select Percent of Proposal, Sage 50 will require you to bill your customers based on accepted Proposals. In addition, on the Estimated Exp/Rev tab of the Maintain Jobs window, Sage 50 will control the estimated revenues based on accepted proposals. You will still be able to enter estimated expenses, however. See valuable tips for setting up and using Percent of Proposal billing.

Warning! Once you select Percent of Proposal and enter open proposals for a job, you should not change the billing method for that job, since you will lose data for Estimated Revenues. To change the billing method, you must first close any open proposals and make notes on what the Estimated Revenues for the job should be.