Invoice for a "Contingency" Project that is set to "Bill at Project Closing"

If you have a Project with a Billing Method set at Contingency and the payment due option of "Bill at Project Closing", but you do not see it as an option when invoicing please review the following.

1. Go to the Project.
2. Click the Add Time button.
3. Change the Entry Type to Case Closing Settlement.
4. Enter required information, including the Full Settlement Amount (the system will calculate the final amount based on the Contingency Rate Percentage entered in for the Project).
5. Save the Entry
6. On the Project, change the Project Status from "Open" to "Closed"
7. Go to Invoicing in your Navigation bar.
8. Click the Create Invoice Button.
9. Enter the desired dates.
10. Change the Payment Due Upon filter to Bill at Project Closing. (This filter is on the left under the Batch Description box).
11. Check the box for the desired Project.
12. Click the Save button.

Note:  The calculated Contingency Fee will be reflected on this invoice. Time Entries will be non-billable and any Expenses will be included as billable.  

Case Closing Settlements

Closing Statements are limited to $10,000,000.00.  If the Settlement is over $10,000,000.00 we have two options for you to complete this process. 

1. Create multiple Closing Statements to equal the total Settlement.  For example, if your settlement is $25,000,000.00 there would be 3 closing statements.  Two for $10,000,000.00 and one for $5,000,000.00.  The system will use the set contingency amount to calculate the invoice totals. 
2. Create a Flat Fee Invoice for the contingency amount. For example, the settlement is $25,000,000.00 and the contingency percentage is 25%.  This means the Flat Fee Invoice should be for $6,250,000.00, there are many options to reflect the contingency formula on the invoice ($25,000,000.00 x 25% = $6,250,000).