PROJECT BILLING

DESCRIPTION DURATION
This course builds upon the Projects course and will show you 7 Hours
how to combine tasks from a Workday Project with the associated
project costs to form an end-to-end billing process. TRAINING UNITS
0.5
Through hands-on activities, you will learn how to set up and
configure a billable project. You will also review and perform
necessary billing tasks to process billable project transactions. Lastly, you will use key reports to
monitor billable projects.

Professional Services Automation (PSA) organizations bill their customers for project-related
costs by using billable projects. Billable projects use information from customer contracts and
Workday Projects to create an end-to-end billing and revenue recognition process.

Project managers who collect and associate time and expense costs with the project should
take the Projects course. Project Billing is appropriate for project managers who bill project
costs back to a customer.

PRETRAINING CONSIDERATIONS

The Projects and Customer Accounts and Customer Contracts courses are recommended
prerequisites to Project Billing. Where the Projects course showed you how to create projects
and how to track costs of a project, this course will take you to the next level of billing your
customers for those costs as well as realizing the revenue.

This course is directed towards project billing for:

• Professional Services Organizations performing tasks such as:

• • IT Consulting
• Accounting
• Legal
• Engineering
• Embedded Service Organizations that are creating:
• • Software
• Hardware
Project Billing

• Networking Solutions
• Manufactured Goods

Recommended Prerequisite

Projects

DELIVERY FORMAT

This course is offered as a:

Learn Independent

OBJECTIVES

The Projects course showed you how to create projects and how to track costs of a project. In
this course, you will bill your customers for those costs and realize the revenue.

This course will go into detail on billing-related topics allowing you to:

• Explain the setup and configuration for a billable project.

• Examine key areas of a project as they relate to the billing process.
• Review tasks necessary to process billable project transactions.
• Perform the customer-related billing tasks.
• Use key reports to monitor billable projects.

COVERED TOPICS

1: Introduction to Billable Projects

• Discuss the Project Billing functional area of Workday.

• State the domains that are associated with the Project Billing functional area.
• List the business processes associated with the Project Billing functional area.
• Describe the internal project process as learned in the Projects Internal course (as a
review).
• Explain the similarities and differences of billable versus non-billable projects.

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 Project Billing

2: Billable Projects Configuration

• Create customer contracts with appropriate contract line types for use with project billing.
• Maintain project roles.
• Prepare contract rate sheets.
• Implement billing rate rules.
• Evaluate the benefits of using project billing rate dimensions.
• Create project billing rate sheets.

3: Billable Project Transactions

• Associate worker time to a billable project.

• Apply supplier invoices to a billable project.
• Create billable expense reports for a project.

4: Performing Project Billing

• Create a billing schedule for the contract.

• Review and approve billable transactions for a project.
• Create customer invoices for a project.
• Recognize revenue.

5: Reporting and Analytics for Project Billing

• Configure and use the Projects dashboard for billable project roles.
• Reconcile monthly billing to payments.
• Analyze project profitability, margins, and other key metrics.
• Evaluate revenue forecast and revenue leakage reports.

Project Billing 3
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