Contract-price Charges provide an easy-to-use and innovative way to ensure that clients get billed for the service contracts you have signed with them, whether they are recurring contracts or ad-hoc contracts/projects.
Contract-price Charges are used to charge for an amount agreed upon in a contract. For example, let’s say you sign a 50-hour (block-of-time) contract with a customer for a price of $1,000. You can then create a Contract-price Charge to represent this amount ($1,000) in the Commit system. A Contract-price Charge only represents an amount listed for a contract—it does not represent a fee for specific work performed under a contract.
Contract-price Charges work much like other charges in Commit: they are included in reports; they can be defined as Billable; and they are included in invoices. However, since Contract-price Charges do not represent specific work, they do not affect the balance of a contract block.
For further explanation, see the Introduction to Billing user guide, under Contract-Price Charges.
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