Default PO Number identifies the client’s main order on which the contract and subsequent invoicing are based.

      Default Type determines the normal method of charging for the contract, although this can be varied for each contract line. The type can be:

o  Fixed Price if the price to be charged for the contract does not depend on time and expenses incurred. You can still track time and expenses against a fixed price contract even though they are not billed.

o  Time and Materials Capped/Unlimited will cause actual time and expenses that are booked against the project and marked as chargeable to be invoiced under the contract. Depending on the selection, a limit may be applied.

o  Expenses/Time Capped/Unlimited are selected if only chargeable expenses or time are to be invoiced, with a limit applied or unlimited charging.

      Default Cycle Interval is the billing cycle for the contract and indicates when invoicing is normally to occur, which may be:

o  Ad hoc if this is not automatic and instead is when an invoice line is created manually

o  Event Driven when a certain deliverable is completed

o  Monthly/Quarterly/Annual at the end of each period. The Billing Alerts screen will only show what needs to be billed if no invoice has been created during the indicated period.

o  Specific Date that will be indicated and will come up as a reminder on the Billing Alerts dashboard. This may apply to support contracts and similar items that have annual fees.

      Default Timesheet/Expense Print Format determine the normal output format for timesheet and expense data that is provided to support an invoice. This may indicate that no details of either type are needed or are to be provided in the specified sequence.