Effortlessly Manage Progress Billing for Construction Sample for Shipping

Progress billing for construction sample for Shipping

okay so we're going to take a look at the creating progress invoices within a contract project we'll have to break this up into multiple videos because this process is kind of long and involved but we'll get started here from the homepage navigate to the contract projects module by using the projects dropdown from the main menu which is in this area on the left of the screen select the appropriate project so that you're on the main contract page how a cont track project Works basically is we lay out here in the schedule values the phases of what we're charging for this project and then in the progress invoice we establish what percentage of work was completed from month to month a few things to note before we start creating the invoice you will see the schedule of values that we created when you first created this project and you can also see a couple of change orders have also been applied here we're going to go first to create a pay application by selecting it from the add to project drop down button because a pay application is just another term for a progress invoice once we get to the pay application you'll see that this is all autofilled with the client info and the specific job info the invoice number is basically your job number Dash your pay application number in this case we've already applied one pay application to this project so it shows pay application two here retainage is set up in the project setup screen but it can be changed here if needed basically retainer is we can charge for that month we'll withhold 10% of that each month and then build that retention at the end of the project this is a standard practice in construction so then we're going to set this period ending which we'll set for December 30th we'll leave invoice date terms and due date as is in part two we get into the details of the invoicing for this pay action