![]() Just as before, you are able to email the invoice to the client:įinally, when previewing and downloading the document, you will see the pay app and continuation sheets. When verifying the invoice, you can see the Payment Due is being taken from the Retainage amount. You are able to preview the document as a PDF, found in blue at the bottom left side: Progress Billing & Payment Certification Features for ContractorsGCs. Make sure Invoice Retainage Separately is unchecked. The AIA G702 Application and Certificate for Payment form is the go-to standard for. Since everything aside from the original retainage has been invoiced, this value is all that is left. Now that the retainage value has been reset to 0%, the amount that was previously retained is now moved back into the AIA invoice. When the information looks like below, invoice the retainage once more: ![]() Make sure to save the new information before proceeding. When editing, change the retainage value to 0%. FOUNDATION - America's 1 construction accounting software offers an integrated platform for job cost accounting, change orders, and project management. management, procurement, invoicing, and SAP. We simplify complex construction accounting. To do this, located above the Schedule of Values, click the blue link to edit the information of the contract: Visit SAP Business Network to collaborate with your customers on orders, invoices, sourcing needs, and contracts. Once the invoice has been verified and finalized, we can invoice the retainage on its own. ![]() ![]() When creating the invoice, make sure the retainage is invoiced separately: To begin, we will have created our contract normally, with this example reflecting 10% retainage: Construction Application for Payment Solution generates AIA billings using original AIA G-702/703 forms and G-702/703 CMa versions (or similar plain. ![]()
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