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Acting as a complement to Project Accounting, the Project Billing module assures the timely invoicing process of chargeable projects. Using project specific billing methodology, the preparation of the invoicing simulation will collect all work in process, data and translate such into the selected format for validation. Consistent with the GAAP standards, the revenue recognition/deferral function will assure that your billing is in line with the requirements, and create any relevant intra-company expense actualization entries when many entities (departments) were involved in the project process.
"Project Billing" is part of the Apogee ERP line of products, developed by Vision/R4.