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Infolet for Percentage of work complete and amount billed

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We have a requirement from the customer that they want to see the percentage of work that is complete (Method can be either cost/effort/manual) and how much amount is billed. We wanted to know if the invoicing will be done automatically based on the percentage of work completed. How the system is designed? is this requirement valid? We referred to many links in but could not understand the logic. Appreciate your help in this regard.

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