Fixed fee unit billing

Fixed Fee Method of Unit Billing

As part of this release a new method of calculation Fixed Fee has been introduced which allows user to create a unit billing line at matter level. Depending on the setup an automated process generates fee journals for fixed fee method of calculation.

Parameters

Additional method of calculation fixed fee has been added at Matter management and accounting parameters.

Matter management and accounting > Setup > Matter management and accounting parameters > Unit billing tab

Parameters at matter level

Additional method of calculation fixed fee has been added under unit billing fast tab at matter level.

Matter management and accounting > Matters > All matters > select the matter

Unit Billing Lines

Fixed Fee method of calculation has been added. Whenever users select fixed fee method of calculation the fixed fee frequency field will be enabled, and the users’ needs to select the frequency from the options available in the drop down which is available from period types form. Once fixed fee method of calculation is selected period field will be disabled.

Matter management and accounting > Matters > All Matters > Select Matter > Manage action pane > Unit billing lines under Unit billing group.

Note – Period type path Organization Administration > Setup > Calendars > Period Types Period frequency Ledger Period and unlimited options are not applicable for unit billing.

Unit Billing Proposal

Once the unit billing lines have been created user will run unit billing proposal by selecting newly added fixed fee method of calculation under unit billing proposal.

Fixed fee method of calculation-Unit billing proposal lines will be created based on the selection of dates (From and to) in unit billing proposal form and fixed fee frequency in unit billing lines.

Example: Fixed fee frequency = week, From date: 01/11/2021 to date 14/11/2021

Unit billing proposal – Two lines will be created with 1 qty of each line. Once user selects and clicks ok, automatically fee journal will be created and posted with 2 qty.

Matter management and accounting > Matters > All Matters > Select Matter > Manage action pane > Unit billing proposal under Unit billing group

Posted Fee Journal

Matter management and accounting > Matters > All Matters > Select Matter > Matter action pane > Fee under Journals.

Note – Matter date will be the last day of the week in journal lines.

Once fee journal has been posted in unit billing lines the pending invoice quantity field will get updated depending upon the quantity posted and
once Invoice proposal has been posted in unit billing lines the pending invoice quantity field will get back to zero and invoiced quantity will get updated.