Answer / ipsita

milestone billing is a billing plan type where the customer
have to pay the amount in parts within the billing date
e.g. suppose the bill amount of the customer is 1000usd,
the customer can pay 200usd,300usd as mentioned on the
aggrement
whereas in periodic plan type the customer have to pay the
amount in a regular periodic intervele.g. the customer have
to pay the 1000usd in 1 year then the amount payable by the
customer is 1000/12.

Answer / ramana

Milestone billing is based on the worklimit and periodic
billing is based on certain time limit.

Answer / rajinikanth

milestone billing is related to quantity of amount and
periodic billing is related to time differece

Answer / balaji p.

Milestone Billing - As name suggests, billing will be done
on certain stages/milestones(on the completion of particular
tasks).
Ex. - In house construction, first billing on basement,
second on flooring etc.

Periodic Billing - Billing would be done on certain
intervals like monthly, quarterly etc.

Answer / suraj

Periodic :- full amount in each bill till contract period
Milestone:- partial amount in each bill till full amount is
billed.

Answer / sudhir m dandinavar

Milestone is nothing but if customer has to pay 1000$ in in 12 months then he can pay it either 200$ or 100$, 400$ every month in fulfilling the the total amount.

Periodic billing in this if customer as to pay 10000$ the the total amount is divided as 10000$/12.

Answer / vamsi

periodic billing means its based on monthly contract (or) time based for example L&T is making an agreement with government to finish a metro project in 10 phases so for that government has to pay total amount is 10.000 RS but government has not pay total amount in single step by finishing first phase government will pay 1000 RS (10000/10) like that by finishing each and every phase they are paying 1000 rs to the L&T

MILE STONE BILLING IS based on scheduling billing dates in this case let us take as same example as above but is in different way L&T has making an agreement with government to finish a metro project within the period of 365 days so for that government has to pay total amount is 3,65,000 rs now both parties come to one mutual understanding frist month 10th they have to pay 20,000 and again same first month 31st

Answer / yogesh

milestone billing is related to quantity of amount recevied
by the customar whin in contrect epriod and

periodic billing is related to time differece to do the
payment

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