Recalculating Billing Events

If you change the description or amount of a timecardClosed A mechanism for logging time against a project or an assignment., milestoneClosed A fixed target, which when achieved, can be billed to the customer for a fixed fee or by logging time against it., expenseClosed A record of expenses incurred by resources assigned to a project or opportunity., miscellaneous adjustmentClosed A catch-all business record that allows you to correct data entry errors or adjust transactions., or budgetClosed An amount used to manage expenditure on customer purchase orders, internal budgets, outbound vendor purchase orders and work orders. A budget must be associated with a project. for a generated billing eventClosed A means of generating billing information that can be fed into a financial system that has not been released, you can recalculate the billing event to match the changed records.

Note: You cannot undo this action.

To recalculate billing details:

  1. On the Billing Event page, click Recalculate Billing.
  2. Read the information message.
  3. Click Recalculate Billing to continue.

To recalculate billing data for a billing event from the Billing Event list or the Billing Event related list on a project:

  1. Select the billing event. The Billing Event page opens.
  2. Click Recalc.

To recalculate billing data for all billing events or billing event items on a project, in the Billing Events related list, click Recalc.