Managing Order progressive billing / Milestone billing

In the simplest scenarios, a business is hired for a specific project or job, the work is done, and an invoice is sent to the client, which is then paid. However, not all businesses can operate with such a cut-and-dried approach. In the case of larger, long-term projects, it may not be sustainable to wait until the project is completed to receive payment — this could create a serious cash flow issue. That is where progress billing comes in.

In Opencell, Invoice Plans refer to progressive billing. The Invoice Plan feature allows to define the percentage of the overall due for a given order progression level.

For instance, for the Operation KPI dashboard one shot charge, Ryan would like to configure the following progressive billing:

When 30% of the dashboard configuration is completed, customer is invoiced 50% of the price.

When 50% of the dashboard configuration is completed, customer is invoiced the rest up to 75% of the price.

When 100% of the dashboard configuration is completed, customer is invoiced the rest up to 100% of the price.

Create an Invoice Plan

1. Click on the Billing Manager

   

2. From the main menu, select Billing

3. Select Invoicing Plans

4. Click on the ADD NEW button

5. Enter Code: INVP3

6. Enter Label: 3 Steps Operation KPI Dashboard Invoicing

7. Click on CREATE

8. Enter Code: INVP3_1

9. Enter Label: 30-50 Operation KPI Dashboard Invoicing

10. Enter Downpayment rate: 30

11. Enter Advancement rate: 50

12. Save

13. Go Back

14. Click on CREATE

15. Enter Code: INVP3_2

16. Enter Label: 50-75 Operation KPI Dashboard Invoicing

17. Enter Downpayment rate: 50

18. Enter Advancement rate: 75

19. Save

20. Go Back

21. Click on CREATE

22. Enter Code: INVP3_3

23. Enter Label: 100-100 Operation KPI Dashboard Invoicing

24. Enter Downpayment rate: 100

25. Enter Advancement rate: 100

26. Save

27. Go Back

… / …