The fundamentals of Energy Management covers allocating cost and invoicing, also known as recovering cost. Topics include invoice methods, meter readings, rate generation, and customer invoicing.
This recorded session introduces the fourth part of the Energy Management fundamentals series, focusing on allocating costs and invoicing. Key topics include invoice methods, accounting, meter reading verification, rate generation, invoice generation, and customer invoices. The discussion emphasizes the importance of having meters and readings done, along with setting up properties, locations, accounts, sub codes, and contractors outside of energy management. The primary goal is to capture utility bill information and allocate costs accurately. The video explains how the invoice method guides the invoice generator in cost allocation and examines the room level location of meters. It also covers organizational aspects, location definitions, and percent splits between locations. Lastly, it outlines the monthly EM billing process, including entering and releasing utility bills, meter readings, and running the rate generator.