Common Acronyms
PRIN
Project Invoice
Type of billing with the same amount billed every month, preset billing rules, and PCs just need to mark the appropriate BR based on monthly period
Installment Billing
Project IDs are based on the business unit and the closest office _____________ the project is located.
Region
existing project/data within the ERP systems of companies that were acquired by diversified before the merger/acquisition took place
Legacy Projects
When an invoice is in a prior financial year and the project is closed, how should we credit taxes from the invoice?
reach out to San to create a free tax credit
PRIP
Project Invoice Proposal
Type of billing with different amounts billed each month, require billing rule adjustments, and require supporting documentation to prove incurred cost
Incurred Billing
Upon a new project conversion, a ______________ is initiated by the PMO team to bring all active participants together.
Kick-Off Meeting
account that is centralized to one territory with one dedicated AE and PM
Enterprise Account
Why shouldn't SV lines be billed separately from the milestone invoice?
SV lines share the same Project contract ID as the main project
SOV
Schedule of Values
Biller is responsible to reach out to _______ once a $0.00 BR is marked
Project Manager/ Project Coordinator
Service/Support contracts are normally tied with a ______________ and assigned a separate project ID#.
Service Level Agreement
Accounts with multiple territories, PMs, and AEs, but with one biller and special billing requirements
Dedicated Accounts
BONUS
Extra 300 points
PRCN
Project Credit Note
T/F:
For every BR line added, we must balance out the remaining chargeable lines so that the contract value changes
FALSE
Every proforma invoice starts with a "_________" reference number in the system, but it will not appear in the actual invoice format.
PRIP-0000
Documents handed off to contract admin team for project creation
Presales Documents
3 ways to submit and invoice to a customer
Direct mail, Email, Portal
SOW
Statement of Work
T/F:
It is highly recommended that all billing rule adjustments be created offline via excel prior to adjusting in D365.
TRUE
Name the missing required supporting documentation for a credit request:
Copy of Original D365 Invoice, Email confirming original request for credit with reason, copy of tax exemption certificate
Copy of D365 Credit Memo
Documents stored throughout the duration of the project, i.e. vendor POs/Quotes/Invoices, labor/expense tracking info, and schedules
Project Documents
Invoices implemented when our systemic invoice doesn't comply with the clients billing requirements
Manual Invoices