Capped Rates Billing 

Setup required before use	Who Can Use It?	Where Is It?
Set a sub project with Capped Rates fee type	Assist. Project Manager Project manager Director Administrator System Administrator	Projects > Invoices tab > Create Invoice

1. Include a Sub Project with the fee type Capped Rates in the invoice.
2. Double click the Sub Project with the fee type Capped Rates.
3. Invoice Rate, Invoice Units and Value columns can be edited.
4. Transactions can be excluded from the Invoice by removing the checkmark in the 'Selected' column for the row.

If there is a total number of transactions that exceed the Cap value, the system will cut off transactions as close as possible to the Cap value

Example

The Cap value is $5,000. There is $6,800 transactions available for Invoicing (as shown in the above screen shot ). The Invoice Units are modified (automatically) so the invoice value does not exceed the Capped value. In this case several transactions have been invoiced at $0.00, and one transaction has been invoiced at 0.91 units instead of 4. These invoice rows are shown in purple in the screen shot below.

On the time and expenses tab for the project, the original value of the item is always available in the 'Chg. Value' column, and the 'Inv Value' column will display what was actually billed on the Invoice. For example there was $6,800 value available to invoice, however the capped rates invoice value was only $5,000.