Milestone - Billing Schedule

Select the “Milestone - Billing Schedule” activity under the “Cost Revenue Plan” business component.

The “Milestone - Billing Schedule” page appears.

- Clicking this icon available near certain fields takes you to the help page of the respective field.

Note: Milestone must be created already in order to create milestone billing schedule.

Project Code

A unique code that identifies the project. Press Enter

The system displays the following details in the header.

Project Name	The system displays the name of the selected project.
Milestone Updation Status	The status of the milestone updation.
Plan Version	The version number of the plan.
Currency	The currency of the country in which the project has to be billed.
Version Date	The date on which the plan version is created.
Milestone Updation ID	The number of times milestone schedule is updated.
Milestone Version Date	The date on which the milestone version is created.
Project Status	The status of the project.
Billed	The billed value of the milestone.
To Be Billed	The value of the milestone to be billed.
Total	The total value of the milestone.

The system displays the following details in “Billing Schedule” multiline.

Line No.	The unique line number identifying the line details for a billing milestone.
Schedule No.	The serial number of the schedule.
Ph/CR	The milestone phase or change request of the project.
Classification	The classification of the line.
Milestone ID	The unique number identifying the milestone.
Milestone Description	The description for the milestone ID
Prev Planned Bill Date	The previous planned billing date, when the billing date is revised.
Schedule Status	The status of the billing schedule. This will show whether the schedule is past due or scheduled. Once billing date has been exceeded and billing has not been done, it will become past due.

Recognition Type	From the drop-down list box, select the recognition type of the milestone. The system lists “Revenue” and “Billing” as options.
Schedule Desc	The scheduled description of the milestone.
Amount	The amount of the milestone.
Billing Date	The billing date of the milestone.
Delivery Status	From the drop-down list box, select the delivery status of the milestone. The system lists “Completed”, “Open”, “In Progress”, “Onhold” and “Cancelled” as options.
Customer Sign Off	From the drop-down list box, select “Yes” or “No” to specify whether the customer sign off is done or not.
Milestone Completed On	The date on which the milestone is completed.
Billing Status	From the drop-down list box, select the billing status of the milestone. The system lists “Open”, “Cancelled” and “Completed” as options.
Remarks	Any remarks or additional information about the milestone or schedule details.
From Date	The date from which the billing is scheduled. Mandatory only for AMC.
To Date	The date until which the billing is scheduled. Mandatory only for AMC.
Invoice Number	A unique number identifying the invoice. (Display Only) Click Data Hyperlink to edit the invoice details.
Invoice Date	The date on which the invoice is created.
Modification Reason	The modification reason of milestone billing.
Billing Status Cancellation Reason	The cancellation reason of billing status.

The system displays the following details in “Billing Schedule” multiline.

Invoice Req No.	A unique number identifying the invoice request.
Invoice Request Date	The date on which the invoice request is created.
Invoice Authorization Date	The date on which the invoice request is authorized.
Payterm	The payterm of the invoice request.

The system saves the milestone billing details and the status is saved as “Draft”.

The system authorizes the milestone billing details and the status is changed as “Approved”.

To proceed, do the following:

Select “Order Book” link to record or view the order book details.
Select “Order Book – Revenue Schedule” to schedule the revenue details.
Select “Order Book – Summary” link to view the summary of order booking.
Select “Invoice Request” link to create the invoice request.
Select "Invoice Request Status"link to view the status of selected invoice request.