Background:
I have a prospect using a different software and we are proposing a solution on Acumatica. They have fixed price contracts with progress billings. Costs for the projects include labour hours by employees, inventory from stock on hand, purchases from supplier and other supplier expenses. When invoicing a progress invoice, they would determine the costs to date and invoice at a level above costs by setting a GP margin for the invoice.
Problem:
In Acumatica, allocation rules is used to send expenses to WIP with auto reversal upon AR Invoice release. I am unable to link the costs to the progress billing invoice using the side panel “Linked Cost Transactions” in proforma invoice. No lines appear at all for costs already entered.
Each invoice needs to have a GP margin. Currently, progress billings have 100% margins as costs are not linked to invoices.