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What is the difference between milestone and periodic
billing???
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Answer Posted / n
Milestone Billing comes into picture when you are not
having the exact details of Item Data(line Items). This
most often observed with Master Contracts & WBS (Work
Breakdown Structure) Projects.
E.g. if there is a tender for a Airport Development
Project.. this project will required N number of Electrical
appliances, Mechanical Instruments, Infrastructural
buildings...etc in this case whenever vendor responsible
for respective services will complete his job in % &
accordingly submit his/her bills based on milestone billing
as per the agreement between respective authorities.
Periodic billing is used when you want to bill the customer
at different points of time based on the periodicity or
progress of the work.
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Hi Team, this question is related to 3rd party. customer is given order for 20 materials and vendor delivered to customer only 10 material . As per my knowledge vendor invoice will be for 10 material and customer invoice will be for 10 material but my question is how billing quantity will change in sales order against which we have need to create customer invoice for 10 material only. what configuration we need to do for update sales order quantity for order related billing for customer. how vendor will deliver rest 10 material to close this order? could you please share your input with screen shot. Thanks in Advance.
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