LogoLogo
  • The Moment Knowledge Base
  • Moment
  • My Pages
    • My Settings
    • Time
      • Timesheet
      • Hours Report
      • Time balance
      • Absence Overview
      • Absence Report
      • Planned absence
    • My overview
    • My Tasks
      • My Task Board
    • Project Management
      • To be invoiced
      • Project Report
      • Hours report
      • Invoices
    • My Travel & Expense
      • New Expense
      • Claims
    • Project Expenses
    • Education
    • Organization
    • My Stats
    • Menu items
  • Tasks
    • Planning
    • Recurring tasks
    • Tasks report
  • Customers
    • Overview
    • Customer profile page
    • Contacts and mailing lists
    • Invoicing settings for individual customers
  • Offers
    • How to activate the offer module in Moment
    • Sending offers from Moment
    • How do hours in activities from an offer show in Moment's capacity overview?
  • Quality
    • Checklists
      • Working with checklists
      • Importing checklist templates
      • Control column
      • Checklist Report
    • Nonconformities
      • Action types
      • Categorize with tags
      • Impact
    • Routines
    • Project reviews
    • Evaluations
    • Risk management
    • Risk report
    • Settings
    • How can Moment support ISO certification for your company?
  • Projects
    • Overview
      • On map
      • Status
    • Dashboard
    • Report
    • Price Lists
    • Forecast
    • How to setup hours approval in Moment
    • Project Roles
    • Projects Main Page
    • Template projects
    • Activities
      • How to copy activities, move hours from one activity and deleting activities.
    • Project plan
      • Project Plan features
      • Budgeted costs and revenue in Moment's Project Plan
      • Accrual report
    • Expenses
    • Price Model
      • Price model: Hourly rates
      • Price model: Fixed price
      • Price model: Subscription
    • Invoice settings
    • Profit Factor
      • Calculated profit factor
      • Fixed profit factor
    • Products
    • How to keep track of costs in non billable-projects
  • Resources
    • HR (Pro)
      • Configuration
      • Reports
    • Co-workers
      • Schedule
      • New user (co-worker)
        • First time login in Moment for new users
      • Access Rights
      • Education
      • Hourly rates
      • Licenses
      • 📆Absence Approval based on tags
      • How to register furloughing (permitteringer) in Moment?
      • Why do my co-workers and I have too many/few banked hours?
      • How to add co-workers to projects between two partner companies
    • Resource Planner
    • Reservations
    • Capacity
  • Finances
    • Invoices
      • Payment ID
        • Payment ID Examples
      • Credit invoices in Moment
      • Updating the invoice summary.
      • Can't export invoices to an external accounting system
      • Splitting invoices between two customers
    • Project expenses
    • Product sales
    • Subscriptions
    • To be invoiced
      • Invoice draft approval
      • Common problems that prevent invoicing
    • Payments and write off
      • Customer has paid an invoice twice/OCR file has been read twice
    • Customer ledger
    • Payment reminders
    • Invoicing in advance (A-konto)
    • OCR files (KID in Norway)
    • E-invoicing
      • Countries
        • Norway
        • Sweden
        • Iceland
        • Denmark
          • Background info and technical details
      • PEPPOL BIS Billing 3.0 (EHF 3.0)
      • Addresses / PEPPOL ID
  • Company
    • Hours overview
    • Absence
    • Timesheet status
    • Hours and vacation balance
    • Billable time report
    • Performance
    • Files
    • Logs
    • Forecast
    • Holidays
    • Export invoices
  • Setup
    • Access control
      • Settings for Role Based Access Control
    • Tags
    • Travel & Expense
      • T&E configuration
        • Expense types
          • Norway
            • 2022
            • 2023
            • 2024
    • Notifications
      • Export invoices
  • Moment - By topic
    • How to setup and test Moment
    • Education
      • Setup
      • Registration
      • Reporting
    • Partner Companies
    • Moment FAQ
      • Security
    • Integrations
      • Real-time integrations
        • 24SevenOffice
        • Azets
        • Business Central
          • Configuration
            • Business Central App
            • Business Central
            • Moment
          • Data flow
        • Business Central Payments
        • CatalystOne
        • DK+
        • DnB Regnskap
        • Fiken
          • Authorization
        • Fortnox
          • OAuth 2 authorization
        • Fortnox Payments
        • PowerOffice Go
        • SharePoint
          • Configuration
            • Azure Active Directory
              • Postman
            • SharePoint
              • Content Type
                • Activity
                • Year
                • Period
                • Tags
        • Sparebank1 Regnskap
        • Tripletex
          • VAT Settings
          • Cost category names
        • Uni Economy
        • Uniconta
        • Uniconta Payments
        • Visma e-conomic
          • Incoming expenses
          • Demo
        • Visma e-conomic Payments
        • Xledger
      • File exports
        • Accounting system
          • DK
          • Duett
          • Dynamics C5
          • eFina
          • InfoEasy
          • Mamut
          • SIE 4
          • Uni Economy
            • Import central
          • Uni Micro
          • Visma Business
          • Visma DI Systems
          • Visma Global
          • Visma Scenario
          • Visma.net
          • Xero
            • Xero templates
          • Xledger
            • Format AR10
            • Format GL02b
          • Factoring
            • SG Finans
              • File content
            • Sparebank1 factoring
        • Wage system
          • Hogia Lön
          • Huldt & Lillevik Lønn
          • Visma Lønn
        • Export templates
          • Template editor
            • Create template
            • Edit template
              • Content
            • Test template
          • Customers
          • Expenses (Claims)
          • Hours (Time records)
          • Projects
          • Custom template
      • File import
        • Integration/file import
          • SoMe Ad Expenses
            • Configuration
            • Import
            • Ad providers
            • Technical description
          • Visma Document Center
            • SFTP configuration
            • Visma Document Center CSV file
        • Moment Importer
        • Object import/update
          • Import
        • Tools
          • Checklist
          • Expenses from file
          • Import expenses
      • Other systems
        • Ambita
        • Holte
        • JIRA
        • MAKS
        • RecMan
      • SSO
        • Google
        • Microsoft
      • Webhooks
        • Claims
        • Customers
        • Invoices
        • Offers
        • Projects
      • Known issues
        • Tripletex
        • 24SevenOffice
        • General
          • Invoice not transferred due to VAT code
  • Change Log
  • For developers
    • API
      • Authorization
        • Postman
      • Rate limit
      • How to use the API
      • How to get the your data
        • projects/projectRegisteredHoursReport
        • timeRecords/getReport
      • Moment API Swagger
  • ProjectHelp
    • ProjectHelp Support
Powered by GitBook
On this page

Was this helpful?

  1. Projects
  2. Price Model

Price model: Fixed price

PreviousPrice model: Hourly ratesNextPrice model: Subscription

Last updated 3 years ago

Was this helpful?

The price model Fixed price is used if the hours worked is not related to the amount that the customer is invoiced. For these projects it is important to manage costs, to ensure the true cost does not exceed the fixed price.

The fees in the fixed price model is defined using the Payment plan. Here you can setup when a fee is to be invoiced, and when it has been invoiced, a link to the invoice will show in the status column.

These are the options available for a fixed price model:

Total fixed price: Type in the total fee agreed for this price model. This amount will show up in the invoicing summary, which can be visible to the customer. All amounts are excluding VAT.

Defines whether the total price includes project expenses / product sales. If selected, the project expenses / product sales will not be shown under To be invoiced. This can be overridden on every project expense / product sale will not be shown under To be invoiced. This can be overridden on every price model and on every product sale.

This logic does not affect whether the project expenses/ product sales are included in the invoice summary. For that see the invoice setting Included in invoicing summary.

You can add a surcharge to invoiced hours or invoiced expenses. The surcharge itself is added to the invoice line.

We have a separate function for cost connected to administration work in the invoice settings. The administrative charge will show as its own invoice line.

This setting will set new hour records as billable. In practice this will change the price model to non billable. This is useful for when a project is finished and the customer won't be invoiced, and thus any extra work will not give any income to the company.

This will make the price model show separately in to be invoiced from other price models on the project.

This option to invoice separately also exists on activity level.

This allows you hide certain values from the invoice. These values can be invoiced at a later date if needed.

Fixed price invoicing based on activities

As of April 2022, a new feature is available in Moment. You can now invoice individual fixed prices for different activites. This is specially useful if you work with a project in which different small activities come up and you need to be able to quickly register hours on them and invoice them based on a fixed price. This can also be useful to invoice up front for certain activities.

To set this up, choose "activity" as the fixed price base. And then connect the activities to the price model. An equal amount of fields for price input will be available in the price model (see fields marked in green)

Set up a price for each individual activity, set a date in whish the invoice to be created. You also need to set the individual activity line as "ready for invoicing". After this, you will be able to create invoices based on this structure.

To add more activites to the price model, simply create a new activity, connect it to the price model, define a price and a date and you are ready to start invoicing.

To construct the payment plan, press +Add new payment. Here you can determine a date and the amount. The payment will show up under when issue date equals or is after the date selected in the filter. Only after you create the invoice will the invoice date get established, and may not be the same as the issue date. Most Moment users bill for a month at a time, so we recommend you add the last day of the month in the payment plan. Should part of the fixed price be invoiced outside of Moment, you can add a payment equal to that amount, and mark it as Invoiced.

In many fixed price projects, there isn’t defined any payment plan. In those cases, it is normal to make a judgement of how much should be invoiced at the end of the month based on how much work has been done. Should the project not have a payment plan, we will show you a suggestion under . There we summarize all hours on the project and multiply it with a standard hourly rate for the current workers. You can easily overrule this amount and e.g. round it up to an appropriate amount.

Finances > To be invoiced
Finances > To be invoiced