Overview
The Financials section of ICOS TMS is where operational activity is translated into financial outcomes.
These features support billing and revenue visibility by ensuring charges are applied accurately and consistently based on completed work and defined pricing rules.
Use Financials to:
Manage billing and chargeable activity
Review financial outcomes from operations
Support invoicing and reconciliation processes
Maintain alignment between operations and revenue
Click any of the links below to jump to a specific area.
Billing
Billing is where chargeable activity generated by the system is reviewed and prepared for invoicing.
Use Billing to:
View billable bookings and charges
Review calculated charges before invoicing
Identify missing data or charge exceptions
Support downstream accounting and invoicing workflows
See: Billing
How these features work together
Financials features are driven by upstream system configuration and operational activity:
Bookings and operational events generate chargeable records
Charge Rules and Location Charges determine how charges are calculated
Billing consolidates and presents those charges for review
This ensures financial outcomes are consistent, traceable, and aligned with how work is executed in ICOS TMS.
Getting started
If you are new to Financials:
Confirm Charge Rules and Location Charges are configured correctly
Review completed or in-progress work in Billing
Validate chargeable activity before proceeding to invoicing
This helps ensure billing accuracy and reduces the risk of downstream corrections.