Create fixed-price projects
/visma-net-erp/help/project-accounting/manage-projects/create-fixed-price-projects
section
2026-02-19T17:09:06+01:00
# Create fixed-price projects
1. Create a project as in [Create a project](/visma-net-erp/help/project-accounting/manage-projects/create-a-project/).
1. In the **Invoicing settings** section, set the **Allocation rule** to **Fixed price, percent complete**.
1. Set the **Invoicing rule** to **Standard invoicing rule**.
1. On the **Task** tab, click  to add a task called **Contract price**. Set the account group to **Revenue**. See [Create a project task.](/visma-net-erp/help/project-accounting/manage-projects/create-a-project-task/)
1. Select the task line you created and click the **View task** button. The [Project tasks (PM302000)](/visma-net-erp/help/project-accounting/project-accounting-windows/project-tasks-pm302000/) window is displayed.
1. In the [Project tasks (PM302000)](/visma-net-erp/help/project-accounting/project-accounting-windows/project-tasks-pm302000/) window, go to the **Budget** tab.
1. In the **Budget** column, enter the contract amount. For a project task of the labour category, select the **Production** check box. This is to measure the percentage that is complete on the amount of hours registered on a project, compared to the budget. If you cannot see the **Production** column in the table, click  in the top left corner of the table and select the column header there.
1. On the **General settings** tab, set **Completion calculation method** to **Budgeted quantity** or **Budgeted amount**, so that the system will automatically calculate the percentage that is complete when a task is completed. You can also set this to **Manual**, which means that you have to enter the percentage manually per task. If you do that, update this percentage before the allocation process. The system uses this percentage to calculate earned revenue. You can also create a separate task for the contract amount and use this task to set the completion percentage (manually). This gives you the possibility to restrict the visibility of this task in other modules.
1. When you have registered the tasks you need, and given them all a budget, set the **Status** for each task line to **Active**.
1. Then set the **Status** for the project to **Active** and click .
Related pages
Concepts
Tasks
Windows