Create fixed-price projects

1. Create a project as in Create a project.
2. In the Invoicing settings section, set the Allocation rule to Fixed price, percent complete.
3. Set the Invoicing rule to Standard invoicing rule.
4. On the Task tab, click to add a task called Contract price. Set the account group to Revenue.
   See Create a project task
5. Select the task line you created and click the View task button. The Project tasks (PM302000) window is displayed.
6. In the Project tasks (PM302000) window, go to the Budget tab.
7. In the Budget column, enter the contract amount.
   For a project task of the labour category, select the Production check box.
   This is to measure the percentage that is complete on the amount of hours registered on a project, compared to the budget.
   If you cannot see the Production column in the table, click in the top left corner of the table and select the column header there.
8. On the General settings tab, set Completion calculation method to Budgeted quantity or Budgeted amount, so that the system will automatically calculate the percentage that is complete when a task is completed.
   You can also set this to Manual, which means that you have to enter the percentage manually per task.
   If you do that, update this percentage before the allocation process. The system uses this percentage to calculate earned revenue.
   You can also create a separate task for the contract amount and use this task to set the completion percentage (manually).
   This gives you the possibility to restrict the visibility of this task in other modules.
9. When you have registered the tasks you need, and given them all a budget, set the Status for each task line to Active.
10. Then set the Status for the project to Active and click .