BR05.1 - Milestones
** Form purpose
Use (Milestones (BR05.1) to display and maintain milestones. A milestone is a
significant point in an activity. Milestones can be defined in days, dates,
percent complete, and manual milestones. Milestones can only be defined for
posting level activities. You can either define milestones for personal
tracking, or for automatic billing when a task is complete.
To define billable milestones; you must select Milestone as the Billing Method
on the Main form tab on Activity Billing (BR00.1) and select Yes in the
Billable field on the Main form tab on Activity (AC10.1).
Milestone billing is a method that bills customers during the life of the
activity when a milestone is reached or completed. Days, Date, and
omplete
milestones are automatically billed and updated by AC115 (Billing
Calculation). You must maintain manual milestones.
The following is a manual milestone example. In the construction of a new LGE
building, a payment is due when the design is accepted, the foundation is
complete, the framing is complete, finishing work is done, and at the time of
final acceptance.
The following chart defines each status for milestones.
Status Description
------ ------------
Open The milestone is not reached.
To Bill The milestone should be included in the next bill.
Billed The milestone was billed.
Hold The milestone is on hold from billing for one
billing cycle. This status is reset to it's pre-
hold status after each billing calculation.
Updated Files
ACHISTORY -
ACMILESTN -
Referenced Files
ACACCTCAT -
ACACCTCATX -
ACACTGRP -
ACACTIVITY -
ACBILL -
ACCNTRACT -
ACCNTRACTX -
ACLEVEL -
BR05.2 - Days Milestones
** Form purpose
Use Days Milestones (BR05.2) to define and maintain milestones in terms of
days. A milestone is a significant point in an activity. Use the days
milestones form to identify the significant days in the project when steps to
the activity should be completed. You can either define milestones for
personal tracking, or for automatic billing when a task is complete.
To define billable milestones; you must select Milestone as the Billing Method
on the Main form tab on Activity Billing (BR00.1) and select Yes in the
Billable field on the Main form tab on Activity (AC10.1)
Milestone billing is a method that bills customers for an activity when a
milestone is reached or completed. Days milestones are automatically billed
and updated by AC115 (Billing Calculation).
For example, define day 50 as design acceptance, day 100 as foundation
complete, and day 150 and final acceptance. For each day, you can define the
amount owed and the following statuses.
Status Description
------ ------------
Open The milestone is not reached.
To Bill The milestone should be included in the next bill.
Billed The milestone was billed.
Hold The milestone is on hold from billing for one
billing cycle. This status is reset to it's pre-
hold status after each billing calculation.
Updated Files
ACHISTORY -
ACMILESTN -
ACMILESTNX -
Referenced Files
ACACCTCAT -
ACACCTCATX -
ACACTGRP -
ACACTIVITY -
ACBILL -
ACCNTRACT -
ACCNTRACTX -
ACLEVEL -
BR05.3 - Date Milestones
** Form purpose
Use Date Milestones (BR05.3) to define and maintain milestones in terms of
dates. A milestone is a significant point in an activity. Use the dates
milestones form to identify the significant dates in the project when steps to
the activity should be completed. You can either define milestones for
personal tracking, or for automatic billing when a task is complete.
To define billable milestones; you must select Milestone as the Billing Method
on the Main form tab on Activity Billing (BR00.) and select Yes in the
Billable field on the Main form tab on Activity (AC10.1).
Milestone billing is a method that bills customers for an activity when a
milestone is reached or completed. Days milestones are automatically billed
and updated by AC115 (Billing Calculation).
For example, if the activity starts on 010199, design acceptance would occur
on 021999, the foundation would be complete on 041099, and final acceptance
would be complete on 053099. For each date you can define the amount owed and
the following statuses.
Status Description
------ ------------
Open The milestone is not reached.
To Bill The milestone should be included in the next bill.
Billed The milestone was billed.
Hold The milestone is on hold from billing for one
billing cycle. This status is reset to it's pre-
hold status after each billing calculation.
Updated Files
ACHISTORY -
ACMILESTN -
ACMILESTNX -
Referenced Files
ACACCTCAT -
ACACCTCATX -
ACACTGRP -
ACACTIVITY -
ACBILL -
ACCNTRACT -
ACCNTRACTX -
ACLEVEL -
BR05.4 - Percent Complete Milestones
** Form purpose
Use Percent Complete Milestones (BR05.4) to define and maintain milestones in
terms of percent complete. A milestone is a significant point in an activity.
Use the percent complete milestones form to identify how much is complete for
each milestone.(For example, 7512f the foundation is built.) You can either
define milestones for personal tracking, or for automatic billing when a task
is complete.
The percent complete is calculated by the total costs divided by the total
budgeted costs. You must run AC65.1 (Percentage of Completion) or AC165
(Percent Complete Calculation) to process billing.
To define billable milestones; you must select Milestone as the Billing Method
on the Main form tab on Activity Billing (BR00.1) and select Yes in the
Billable field on the Main form tab on Activity (AC10.1).
Milestone billing is a method that bills customers for an activity when a
milestone is reached or completed. Percent Complete milestones are
automatically billed and updated by AC115 (Billing Calculation).
Each milestone is identifies by the following statuses.
Status Description
------ ------------
Open The milestone is not reached.
To Bill The milestone should be included in the next bill.
Billed The milestone was billed.
Hold The milestone is on hold from billing for one
billing cycle. This status is reset to it's pre-
hold status after each billing calculation.
Updated Files
ACHISTORY -
ACMILESTN -
ACMILESTNX -
Referenced Files
ACACCTCAT -
ACACCTCATX -
ACACTGRP -
ACACTIVITY -
ACBILL -
ACCNTRACT -
ACCNTRACTX -
ACLEVEL -
BR05.5 - Manual Milestones
** Form purpose
Use Manual Milestones (BR05.5) to define and maintain milestones manually. A
milestone is a significant point in an activity. You can either define
milestones for personal tracking, or for automatic billing when a task is
complete.
Unlike days, date, or percent complete milestone, that are identified by a set
schedule and updated and billed regardless of the project status, manual
milestones let you change the status when the milestone is reached.
To define billable milestones; you must select Milestone as the Billing Method
on the Main form tab on Activity Billing (BR00.1) and select Yes in the
Billable field on the Main form tab on Activity (AC10.1).
Milestone billing is a method that bills customers for an activity when a
milestone is reached or completed. Days milestones are automatically billed
and updated by AC115 (Billing Calculation).
For example, in the construction of a new LGE building, a payment is due when
the design is accepted, the foundation is complete, the framing is complete,
finishing work is done, and at the time of final acceptance.
Status Description
------ ------------
Open The milestone is not reached.
To Bill The milestone should be included in the next bill.
Billed The milestone was billed.
Hold The milestone is on hold from billing for one
billing cycle. This status is reset to it's pre-
hold status after each billing calculation.
Updated Files
ACHISTORY -
ACMILESTN -
ACMILESTNX -
Referenced Files
ACACCTCAT -
ACACCTCATX -
ACACTGRP -
ACACTIVITY -
ACBILL -
ACCNTRACT -
ACCNTRACTX -
ACLEVEL -
INVOKED Programs
IFCU
IFSG
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