I’m going to discuss milestone billing. In other words, billing clients by milestone rather than just with a date range. A lot of companies will bill time and materials based on a date range from beginning of the month to end of the month or so on. But you might also do billing on a milestone basis. Like 1/3 up front, 1/3 at beta or in the middle and 1/3 at the end. That would be the topic of this video.
I’m going to start by going to the tools menu and choose projects. Milestones are done on a project by project basis. One project may have some milestones; another project may have completely different milestones and for a third one would have none at all. I’m going to click on a number of different projects just so we can bounce back and forth and take a look at those. Click on this project and if you look down in the list of properties you’ll see this billing milestones field. This one has four milestones. Click another project you can see that it has three milestones. These are completely different projects, different clients and we’re going to look at how the milestones are set up. So you can get an idea how to set those up on your own system.
Read full article: http://www.stdtime.com/blog/milestone-billing.htm
Watch the video: https://www.youtube.com/watch?v=lqvBi_CTfKI
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