Momscode - Al Manarah - Milestone

Milestone

A Milestone connects Work Progress to the Billing cycle by linking Project deliverables to the Sales Order

Prerequisites,

• Project
• Sales Order
  • Go to Sales Order, Select Item and Enter Quantity
  • Then Save
  • Upon Save, Sales Order ID will be generated
  • Under Accounting Dimension, Select the Sales Order ID and Project
  • Under Milestone Section, Select Item
  • Enter Milestone Name
  • Enter appropriate percentage, the percentage for each Item should be 100%
  • The Billing Amount will be auto calculated (Item Amount * Billing %)
  • Then, Save and Submit

Note:

The Milestone Table is dynamically filtered to only display Items selected in the primary Item Table in Sales Order

• Navigate to the specific Project related to your Sales Order
• The Milestone Details will automatically populate from the linked Sales Order
• Completion Status: The status defaults to 'Pending'. It must be manually updated to 'Completed' once the Milestone tasks are finished
• Billing Status: Remains 'Not Billed' by default and only updates to 'Billed' upon the successful completion of the Milestone

• Go back to Sales Order
• If a Deduction is required, Create it directly from the Sales Order. This entry will be automatically fetched when generating the Sales Invoice
• From Sales Order → Create → Sales Invoice

• The Details will be auto fetched from Sales Order
• Save and Submit

• Upon Submission of the Sales Invoice, the Sales Order Billing Status will automatically transition to 'Billed'

• Simultaneously, the linked Project Status will also transition to 'Billed'