A staged billing profile can be connected to a customer order line and could be used when the order process will last over a long period of time and the order value is high. If used, the billing will be divided into several stages, such as down payment, delivery, acceptance tests, etc.
A billing stage can be linked to a customer order milestone event. In such a case, the expected approval date is retrieved from the Date Expected column in Milestones for Customer Order Line, but only if a date is defined for the milestone. If the automatic approval function is activated on the billing stage, this will be approved automatically when the corresponding milestone is completed.
The two columns Percentage and Amount are both mandatory. A value can be entered in either of them and calculation will then be done the other one. If Use Price Incl Tax is enabled in the customer order line you can enter either a percentage of the total or the net amount including tax.
A staged billing profile is connected to the customer order line. The billing profile lines are given the Planned status.