Difference between Milestone & Periodic Billing Plan? How
it is configured & where it is used? Give examples.
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Answer Posted / goswami
Milestone billing means distributing the total amount to be billed over multiple billing
dates in the billing plan.
As each milestone is successfully reached, the customer is billed either a percentage of
the entire project cost or simply a pre-defined amount.
Periodic billing is used when you want to bill the customer at different points of time based on the periodicity or progress of the work
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