Milestone - Billing Schedule – A summary of the activity

This activity allows you to create schedules for billing each milestone. You can record the delivery status of each milestone as you schedule the billing. The milestones can be further split into multiple schedules for billing purpose. You can specify the recognition type, schedule description, amount and the revised billing date for each of the milestone/schedule. If the milestone is broke down to schedules, the amount against each should be adjusted accordingly such that it does not exceed the total milestone amount.

You can enter milestone delivery status, milestone completion date and the time taken to complete the task against each milestone/schedule as and when the milestone is completed.