Vision offers several ways to bill the consultants on projects:
These billing methods utilize a billing rate table. In the tables, you can specify the markup for each line item. So, a structural consultant may be marked up at 15% while an mechanical consultant may be marked up at 20%. The tables allow you this flexibility.
The billing rate tables also give you the option to bill by category. Perhaps your project is utilizing several mechanical engineers but you don’t want their names on your invoice. You can choose to set up a category “mechanical engineers” and that is what would show on the invoice.
Another method of billing consultants is by a multiplier. This method can work a couple of ways. You can assign a table plus a multiplier. In this example, the structural consultant would be marked up 15% plus your multiplier stated in billing terms. A more common use of the multiplier is to not use a table but have a negotiated multiplier set for all consultants on a project.
Vision also offers you the option to display all consultant expense transaction detail (including transaction type, description, transaction date, vendor name, etc.).
Vision billing has the option to show the multiplier on the project’s invoice. This can be turned on and off by project, as needed.
Consultant Reporting:
On the project/expense detail report, one of the options is to show reimbursable consultant expenses as well as direct to project consultant expenses. This report offers the option to display consultant expenses separately from other expenses.
