Contents of the Manage Project Bill Summary Screen
Use the fields and options to configure the Manage Project Bill Summary screen.
Project Bill Summary
Field | Description |
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Project |
Enter, or click
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Total Details
Use this block to view the totals for the project selected.
Field | Description |
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Totals |
These non-editable fields display the totals of the Delivery Amount, Billed Amount, Retained Amount, Withholding, and Withholding Release columns. To modify the totals, you must modify the individual column amounts. |
MU Totals |
These non-editable fields display the totals in billing currency. |
Table Window
Field | Description |
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Fiscal Year |
Enter, or click
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Period |
Enter, or click
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Subperiod |
Enter, or click
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Delivery Amount |
Enter the total shipment value of delivery invoices. This column is used only for projects that bill using form 1443, Contractor's Request for Progress Payment. It is updated by Delivery invoice postings from the Post Project Product Bills screen and DD250 invoice postings from Costpoint Sales Order Entry. |
Billed Amount |
Enter the total amount that has been billed less sales tax or other charges. This is the total of all invoices after any retainage or other withholding has been subtracted. Do not include sales tax or other charges in the amount entered in this field. The posting processes use the total amount billed less any tax or other charges. |
Retained Amount |
Enter the amount that has been retained. This includes retentions on both the fee and the total invoice. Normally, the amount entered is a positive number. For example: Total Invoice $7,000 Amount Retained 1,000 = Amount Billed $6,000 If you are entering a line for a project that bills using progress payments, do not use this field. The posting processes updates this field with the amount retained on each bill when it is posted. |
Withholding Amount |
This column displays the withholding amount, in functional currency, for all standard bills posted (or any amounts that have been manually initialized or edited in Costpoint) in the specified fiscal year, period, and subperiod for this project. This amount is updated by the Post Standard Bills application and can be modified here. Do not include any positive amount entered here in the Amount Billed column (similar to retainage). Warning: Modifying existing amounts on this screen for bills posted in Costpoint could result in incorrect withholding information on reports, or incorrect calculation of revenue when the Equal to Billing Before Retainage (ETBBR) revenue formula is used.
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Withholding Release Amount |
This column displays the withholding amount released, in functional currency, for all standard bills posted (or any amounts that have been manually initialized or edited in Costpoint) in the specified fiscal year, period, and subperiod for this project. This amount is updated by the Post Standard Bills application and can be modified here. Include any positive amount entered here in the Amount Billed column. Warning: Modifying existing amounts on this screen for bills posted in Costpoint could result in incorrect withholding information on reports, or incorrect calculation of revenue when the Equal to Billing Before Retainage (ETBBR) revenue formula is used.
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MU Billed Amount |
This column displays the billed amount in billing currency. This column is not available if you are not licensed for Multicurrency. If your Multicurrency license is on but the billing currency is the same as the functional currency, this is equal to Billed Amount. |
MU Retained Amount |
This column displays the amount that has been retained in billing currency. This column is not available if you are not licensed for Multicurrency. If your Multicurrency license is on but the billing currency is the same as the functional currency, this is equal to Retained Amount. |
MU Withholding Amount |
This column displays the withholding amount in billing currency. This column is not available if you are not licensed for Multicurrency. If your Multicurrency license is on but the billing currency is the same as the functional currency, this is equal to Withholding Amount. |
MU Withholding Release Amount |
This column displays the withholding amount released in billing currency. This column is not available if you are not licensed for Multicurrency. If your Multicurrency license is on but the billing currency is the same as the functional currency, this is equal to Withholding Release Amount. |