You can define progress payment events to track payment for completion of activities, such as site setup, foundation, and other milestones.
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Click Financials - Progress Payment Events on the menu.
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Click Add and create a new progress payment event.
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Enter a unique sequence number in the Seq box.
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Click Progress Payment Events in the Event box to select a predefined event.
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The Short Description and Description boxes are populated from the selected event.
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If none of the predefined events is suitable, you can type a new progress payment event in the Event box and the descriptions in Short Description and Description boxes.
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Click Calendar in the Planned Completion Date cell to select a date.
This indicates the date when the milestone is planned to be completed.
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Type the number of weeks between this event and the previous event in the No. of Weeks box.
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Type the percentage of payment required for this event in the Percentage of Payment box.
The sum of all payment percentages must equal 100 percent.
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Click Save.