Invoice Withholding management for Projects or Retainage Management.
Retainage is a portion of the agreed upon contract price deliberately withheld until the work is substantially complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project.
In default AlmightyCS there is no way to manage Retainage on project invoicing so to manage such use case we have added this module.
Configure Invoice Withholding Product and percentage. Which will be used to create withholding lines on invoice.
When handling project invoice if we have to deduct Withholding amount we can add withholding line by single click. It will add withholding line with configured amount. once line is added it can be edited manually also. When invoice will be validated Withholding line will be created automatically.
Options to create Invoice of all withholding lines of project. Link to directly check project related withholding lines.
Other Configuration
To use this module no technical knowledge is required even no configuration is needed. Just install module and functionality is ready to use. For more customization and help contactus.
Specifications for " Project Invoice Withholding or Retainage Management "
Invoice Withholding management for Projects or Retainage Management