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PPM/Grants - invalid combination of invoice method/revenue method on award contract

in Project Management 4 comments

We are using PPM/Grants for the financial management of research projects and funding. For certain awards we need to calculate and generate revenue on an “As incurred” basis, i.e. the billable value of the (burdened) costs incurred on the project, but the Invoices should be based on specific events rather than calculated based on the project costs. However this combination of the rate-based "As Incurred" revenue method and the "Amount based" Invoice Method is not allowed.

Has anyone encountered/overcome this issue before? How can we generate revenue based on the costs incurred but at the same time bill in accordance with a payment schedule detailed in the award letter, where this schedule specifies the amounts and dates of each claim invoice?

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