Retroactive Bills
This topic discusses the retroactive billing process. Retroactive bills are needed in order to reissue billings that require rate modifications on invoices that have already been posted.
Costpoint can calculate retroactive bills for modifications in T&M rates or for modifications in provisional billing rates on cost-reimbursable projects. Details on the calculation of retroactive bills as well as their printing and posting are also discussed.
- Related Topics:
- Retroactive Rate Modifications vs Prospective Rate Modifications
During the life of a project, there may be modifications in the billing rates that are used on the invoices. - Calculating Retroactive Billings
For cost-reimbursable projects, select the Indirect Costs option on the Calculate Retroactive Billings screen. - Printing and Posting Retroactive Bills
Retroactive bill calculations generate a regular bill that you can modify or delete on the Manage Standard Bills screen.
Parent Topic: Billing Related Topics