A sales order should be billed when certain key project tasks have been completed

NetSuite’s Fixed Bid – Milestone project type is designed so the customer is invoiced only when predefined milestones—commonly represented by key project tasks—are reached. Each milestone holds a fixed amount; once the related task is marked complete, the billing engine releases that amount to the sales order for invoicing. This precisely matches the requirement that “a sales order should be billed when certain key project tasks have been completed.”

A. Time and Material – Bills continuously for approved time/expenses/items, not tied to milestone task completion.
B. Charge Based – Uses charge rules to accumulate charges; timing is rule-driven, not strictly milestone-driven.
D. Standard – Standard (item-based) sales orders bill on item fulfillment or cash sale creation, unrelated to project task milestones.

1. Oracle NetSuite Help Center

SuiteProjects > Project Billing Types > “Fixed Bid – Milestone” (2024R1): “You bill the customer when each milestone—typically a project task—is completed; each milestone has a fixed amount.”

2. Oracle NetSuite Help Center

same section

“Time and Materials”: “Invoices are generated from approved time entries

expenses

and items.”

3. Oracle NetSuite Help Center

SuiteProjects > Charge-Based Billing Overview (2024R1): “Charges are created per charge rule; billing is driven by charge dates

not project task completion.”

4. Oracle NetSuite Help Center

Transactions > Sales Orders > “Standard Sales Order”: bills upon item fulfillment/invoice creation

no link to project milestones.