100% Used

Fixed Fees will allow you to book time towards a contract line whilst invoicing a fixed amount.

In PSOhub you can set your fixed fee with an invoice schema that will automatically invoice the fixed fee once the value of the hours reaches the amount of the fixed fee. Any additional time entry will NOT generate further invoices; this is a one time invoice schema.

To set your fixed fee at 100% Used, simply open the contract line and check the box Smart Contract.

You will have the option of four different invoice types. Note that once time is booked towards a contract line, it is no longer possible to change the invoice type.

100% Used: This option will automatically invoice the contract line once the value of the hours reaches the amount of the fixed fee.

One again note that this is a "one time" invoice; i.e. you will still be able to book time towards the contract line, should you need to, but PSOhub will not invoice the contract line again. Best practice is to also check the option Deactivate line on budget overwrite when selecting the 100% Used invoicing scheme.

Appendix

Did this answer your question?